CHICAGO--(BUSINESS WIRE)--GE Antares Capital and its sister company, GE Leveraged Loans Ltd., based in the United Kingdom, today announced their role as administrative agent for an $80.0 million U.S. senior credit facility and a £15.0 million U.K. senior credit facility to support KNIA Holdings, Inc. ("KNIA"), an affiliate of funds managed by Kohlberg & Company, L.L.C. ("Kohlberg") in its acquisition of Niagara Corporation ("Niagara"). GE Capital Markets served as the sole lead arranger and bookrunner for the credit facility.
NORWALK, Conn.--(BUSINESS WIRE)--GE Commercial Finance today announced the appointment of Howard Mikytuck as senior vice president industry leader of general manufacturing for its Corporate Lending business. He will be responsible for delivering solutions tailored to the unique capital requirements of GE customers in the general manufacturing sector. Mikytuck will be based in Glen Allen, Va.
business unit
tags
SAN DIEGO & SINGAPORE--(BUSINESS WIRE)--Jeff Immelt, Chairman of the Board and Chief Executive Officer of General Electric, presented a commemorative award to Wan Choong Hoe, Executive Vice President and Chief Operating Officer, of STATS ChipPAC Ltd. at the Tower Club in Singapore. The award was presented in celebration of the ten-year relationship between GE Capital Solutions, Global Electronics Services (GES) and STATS ChipPAC and the attainment of US$ 320 million in cumulative leasing volume.
business unit
tags
NORWALK, Conn.--(BUSINESS WIRE)--GE Commercial Finance today announced the appointment of Howard Mikytuck as senior vice president industry leader of general manufacturing for its Corporate Lending business. He will be responsible for delivering solutions tailored to the unique capital requirements of GE customers in the general manufacturing sector. Mikytuck will be based in Glen Allen, Va.
business unit
tags
NORWALK, Conn.--(BUSINESS WIRE)--GE Commercial Finance -- Corporate Lending today announced that its Retail Finance team has served as administrative agent on a $183-million credit facility for USA Drug, a leading family-owned retail drug store chain and distributor. The credit facility consists of a $177-million revolver and a $6-million term loan. GE Capital Markets acted as sole lead arranger on this facility.
business unit
tags
EDEN PRAIRIE, Minn.--(BUSINESS WIRE)--GE Commercial Finance Fleet Services today announced the closing of a new $275 million 5-year revolving credit facility for Hertz Corporation, the largest general use car rental company in the world. GE Commercial Finance Fleet Services, which served as sole lead arranger and bookrunner for the facility and led its syndication, also will serve as administrative agent. Proceeds of the financing, which closed Sept. 29, primarily will be used to acquire, finance and refinance vehicles for the company's car rental business.
business unit
tags
NORWALK, Conn.--(BUSINESS WIRE)--GE Commercial Finance -- Corporate Lending today announced that its Retail Finance team has served as administrative agent on a $183-million credit facility for USA Drug, a leading family-owned retail drug store chain and distributor. The credit facility consists of a $177-million revolver and a $6-million term loan. GE Capital Markets acted as sole lead arranger on this facility.
business unit
tags
NORWALK, conn.--(BUSINESS WIRE)--GE Commercial Finance - Corporate Lending today announced that it provided a $150-million revolving credit facility to KUMHO TIRE U.S.A., INC., the U.S. distributor of South Korea-based KUMHO TIRE CO., INC.--a $2-billion global tire manufacturer. GE Capital Markets is the sole agent, bookrunner and administrative agent on the facility. The loan will be used for working capital needs.