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.
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KETTERING, Ohio--(BUSINESS WIRE)--American consumers are upgrading their technology to high-end electronic merchandise such as big screen televisions, digital cameras, video camcorders and laptop computers. Now, GE Money and PeachDirect have made it easier to make those purchases and other luxury items affordable thanks to a new private label financing program available this month.
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FAIRFAX, Va.--(BUSINESS WIRE)--GE Commercial Finance Fleet Services today announced that they will be reporting damage information on their fleet vehicles to Carfax for inclusion on Carfax Vehicle History Reports. GE Commercial Finance Fleet Services maintains thousands of cars throughout North America. Now, individuals purchasing off lease GE Commercial Finance Fleet Services' vehicles can use this data to better understand a vehicle's history and help guide a mechanical inspection before buying.
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SAN JOSE, Calif. & STAMFORD, Conn.--(BUSINESS WIRE)--Sept. 21, 2006--The U.S. Bankruptcy Court for the Southern District of New York today approved the sale of a 35-percent equity interest in Calpine Corporation's (OTC Pink Sheets:CPNLQ) Russell City Energy Center to GE Energy Financial Services for approximately $44 million. Calpine will own the remaining 65-percent interest. GE Energy Financial Services' equity will be applied toward completion of development and construction of the power plant, and it also will provide related credit support for the project.
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NORWALK, Conn.--(BUSINESS WIRE)--Sept. 21, 2006--GE Commercial Finance - Global Media & Communications today announced that its Technology team has provided growth capital financing to Brightcove, an Internet TV pioneer. GE was the lead lender of the $5 million facility, which closed September 1.
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NORWALK, Conn.--(BUSINESS WIRE)--Sept. 21, 2006--GE Commercial Finance - Global Media & Communications today announced that its Technology team has provided growth capital financing to Brightcove, an Internet TV pioneer. GE was the lead lender of the $5 million facility, which closed September 1.
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ST. PAUL, Minn.--(BUSINESS WIRE)--Sept. 19, 2006--GE Money's Retail Sales Finance unit and Granby Steel Tanks, a division of Granby Industries Income Fund, the leader in residential oil containment reservoirs, today announced a new multi-year relationship to provide consumers with revolving credit under GE's Climate Select financing program. The program is now available to a North American network of Granby Steel Tanks dealers.
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CHICAGO--(BUSINESS WIRE)--Sept. 18, 2006--GE Antares today announced it is serving as the administrative agent for $39 million of senior secured credit facilities to support the acquisition of Duni Corp, Inc. and Duni Supply, Inc. (collectively "Duni" or "the Company"), along with the management team by Norwest Equity Partners ("NEP"), a private equity firm focused on investments in growing and profitable middle market companies. Headquartered in Atlanta, Georgia, the Duni companies were the U.S. subsidiaries of Sweden-based Duni AB.
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CHICAGO--(BUSINESS WIRE)--Sept. 18, 2006--GE Antares today announced it is serving as the administrative agent for $39 million of senior secured credit facilities to support the acquisition of Duni Corp, Inc. and Duni Supply, Inc. (collectively "Duni" or "the Company"), along with the management team by Norwest Equity Partners ("NEP"), a private equity firm focused on investments in growing and profitable middle market companies. Headquartered in Atlanta, Georgia, the Duni companies were the U.S. subsidiaries of Sweden-based Duni AB.
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SOUTH POINT, Hawaii & STAMFORD, Conn.--(BUSINESS WIRE)--Sept. 13, 2006--GE Energy Financial Services announced today that it is financing the construction and operation by Tawhiri Power LLC of the southern-most wind farm in the United States. Powered by strong prevailing trade winds, the 21-megawatt Pakini Nui Wind Project is at South Point, one of the world's windiest habitable locations, on the island of Hawaii (the "Big Island").