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.
NORWALK, Conn.--(BUSINESS WIRE)--Aug. 2, 2006--GE Commercial Finance - Global Media & Communications today announced that it has closed a $217 million senior credit facility for Christie/AIX, a subsidiary of Access Integrated Technologies, Inc. Proceeds from the facility will be utilized for Christie/AIX's nationwide conversion of 4,000 theater screens to a digital format. The deal is the first-of-its-kind within the industry and closed August 1.
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NORWALK, Conn.--(BUSINESS WIRE)--Aug. 2, 2006--GE Commercial Finance - Global Media & Communications today announced that it has closed a $217 million senior credit facility for Christie/AIX, a subsidiary of Access Integrated Technologies, Inc. Proceeds from the facility will be utilized for Christie/AIX's nationwide conversion of 4,000 theater screens to a digital format. The deal is the first-of-its-kind within the industry and closed August 1.
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NORWALK, Conn.& HONG KONG--(BUSINESS WIRE)--Aug. 1, 2006--GE Commercial Finance - Global Media & Communications today announced a deepening of its commitment to the Asia-Pacific region with the relocation of managing director Bhupesh Gupta to Hong Kong. He will join Daniel Camacho, a Global Media & Communications director who recently joined the team, while continuing to be responsible for leading GE's telecom, cable, media and entertainment financing initiatives in the region.
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NORWALK, Conn.& HONG KONG--(BUSINESS WIRE)--Aug. 1, 2006--GE Commercial Finance - Global Media & Communications today announced a deepening of its commitment to the Asia-Pacific region with the relocation of managing director Bhupesh Gupta to Hong Kong. He will join Daniel Camacho, a Global Media & Communications director who recently joined the team, while continuing to be responsible for leading GE's telecom, cable, media and entertainment financing initiatives in the region.
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NORWALK, Conn.--(BUSINESS WIRE)--July 31, 2006--GE Commercial Finance - Global Media & Communications announced today that it has closed a deal providing Van Wagner Communications with a $200 million senior secured facility. Van Wagner is one of the nation's leading outdoor advertising companies with significant positions in major markets such as New York, Los Angeles and Washington DC. GE is the administrative agent in the deal, which is a fully underwritten transaction. GE has been Van Wagner's lead lender since 2002.
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NORWALK, Conn.--(BUSINESS WIRE)--July 31, 2006--GE Commercial Finance - Global Media & Communications announced today that it has closed a deal providing Van Wagner Communications with a $200 million senior secured facility. Van Wagner is one of the nation's leading outdoor advertising companies with significant positions in major markets such as New York, Los Angeles and Washington DC. GE is the administrative agent in the deal, which is a fully underwritten transaction. GE has been Van Wagner's lead lender since 2002.
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TORONTO--(BUSINESS WIRE)--July 27, 2006--GE Commercial Finance today announced new leadership in Canada for its North American Corporate Lending business providing customers an expanded and smarter suite of financial solutions, delivered locally and tailored to the lifecycle needs of their business.
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EDEN PRAIRIE, Minn.--(BUSINESS WIRE)--July 27, 2006--GE Commercial Finance Fleet Services recently added daily fuel reporting to its integrated, web-based reporting applications, my.Dashboard(SM) and my.Reports. New daily fuel reporting delivers information based on all fuel transaction data including transactions that have not yet been billed. As a result, customers can analyze their actual fuel usage and can take action on reducing it sooner rather than later -- so they get immediate financial and environmental results.
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TORONTO--(BUSINESS WIRE)--July 27, 2006--GE Commercial Finance today announced new leadership in Canada for its North American Corporate Lending business providing customers an expanded and smarter suite of financial solutions, delivered locally and tailored to the lifecycle needs of their business.