CHICAGO--(BUSINESS WIRE)--Aug. 15, 2006--GE Antares Capital today announced it is the administrative agent for $95 million in senior secured credit facilities to support the recapitalization of Breeze Industrial Products Corporation ("Breeze"), a portfolio company of Wind Point Partners. GE Capital Markets served as sole lead arranger and bookrunner for this transaction.
HOUSTON & STAMFORD, Conn.--(BUSINESS WIRE)--Aug. 14, 2006--Kinder Morgan, Inc. (NYSE: KMI) today announced it will sell its natural gas retail distribution and related operations serving 260,000 customers in Colorado, Nebraska, Wyoming and Hermosillo, Mexico, to GE Energy Financial Services for $710 million plus working capital. The transaction is subject to certain closing conditions and regulatory approvals, including approvals from state utility commissions. The transaction is expected to close by the end of the first quarter of 2007.
business unit
tags
MIDLAND, Texas--(BUSINESS WIRE)--Aug. 14, 2006--Clayton Williams Energy, Inc. (NASDAQ-NMS:CWEI) and GE Energy Financial Services announced today that an affiliated partnership, West Coast Energy Properties, L.P., has acquired certain producing oil and gas assets in California and Texas for $58 million.
business unit
tags
Thomas C. Gentile Named SVP Global Marketing for GE Money
STAMFORD, Conn.--(BUSINESS WIRE)--Aug. 7, 2006--GE Money, the global consumer lending unit of General Electric Company, announced today the appointment of Thomas C. Gentile to Sr. Vice President, Global Marketing. Mr. Gentile will report directly to David R. Nissen, president and CEO of GE Money.
business unit
tags
NORWALK, Conn.--(BUSINESS WIRE)--Aug. 8, 2006--GE Commercial Finance - Global Media & Communications announced today that it has closed a $30 million senior credit facility for Long Lines, LLC, a leading rural communications company providing voice, data, video and wireless services to communities in Iowa, South Dakota and Nebraska. The financing will enable Long Lines to refinance existing debt and to fund the expansion of its GSM wireless network. GE Capital Markets served as sole lead arranger for the transaction, which closed July 31.
business unit
tags
CHICAGO--(BUSINESS WIRE)--Aug. 8, 2006--GE Antares today announced it is the administrative agent for an amended and restated $250 million senior secured revolving credit facility to support the refinancing of H&E Equipment Services, Inc. ("H&E"), (NASDAQ HEES). GE Capital Markets served as sole lead arranger for the credit facilities.
H&E will use the credit facility to meet its future working capital and general corporate needs.
business unit
tags
LAKEWOOD, Colo.--(BUSINESS WIRE)--Aug. 8, 2006--GE Money, a unit of General Electric, has named Orlando Zayas as president of GE Auto Warranty Services, a leading provider of vehicle service contracts.
Zayas comes to the position from GE Money's Benefit Solutions business, where he developed and grew a strategy aimed at helping employees of small to mid-size businesses cope with spiraling healthcare and legal costs. He has a track record of growth, achieving a revenue increase of more than 40 percent in a key product area.
business unit
tags
NORWALK, Conn.--(BUSINESS WIRE)--Aug. 8, 2006--GE Commercial Finance - Global Media & Communications announced today that it has closed a $30 million senior credit facility for Long Lines, LLC, a leading rural communications company providing voice, data, video and wireless services to communities in Iowa, South Dakota and Nebraska. The financing will enable Long Lines to refinance existing debt and to fund the expansion of its GSM wireless network. GE Capital Markets served as sole lead arranger for the transaction, which closed July 31.
business unit
tags
CHICAGO--(BUSINESS WIRE)--Aug. 8, 2006--GE Antares today announced it is the administrative agent for an amended and restated $250 million senior secured revolving credit facility to support the refinancing of H&E Equipment Services, Inc. ("H&E"), (NASDAQ HEES). GE Capital Markets served as sole lead arranger for the credit facilities.
H&E will use the credit facility to meet its future working capital and general corporate needs.
business unit
tags
NORWALK, Conn.--(BUSINESS WIRE)--Aug. 7, 2006--GE Commercial Finance - Global Media & Communications announced today that it has provided California-based radio broadcaster Lazer Broadcasting with a $23 million senior secured credit facility. The new facility, consisting of a term loan and a revolver, will be used primarily for acquisitions and business expansion. Lazer is a Spanish language radio broadcasting company with 17 stations in 10 markets, after starting with a single station in 1991.