NORWALK, Conn.--(BUSINESS WIRE)--June 14, 2006--GE Antares Capital today announced it is the administrative agent for a $61.5-million credit facility to support the acquisition of YAXTRAX(R) by Implus Footcare, LLC, a portfolio company of FdG Associates. GE Capital Markets served as the sole lead arranger for the credit facility.
Implus' strategic acquisition of YAKTRAX will enable the company to rapidly expand its market position through its global sales, distribution and marketing platform.
ST. PAUL, Minn.--(BUSINESS WIRE)--June 12, 2006--GE Consumer Finance's Retail Sales Finance unit today announced a new multi-year agreement with Thunder Mountain Custom Cycles to provide revolving and installment consumer financing programs for the Colorado-based company's dealers across the United States.
NORWALK, Conn.--(BUSINESS WIRE)--June 12, 2006--GE Commercial Finance - Global Media & Communications today announced that JP Marchette has been appointed to the position of senior vice president, Technology Lending origination, based in the Boston office located at One Beacon Street. He will be focused on expanding Technology Lending's presence in Boston and the East Coast regional market.
NORWALK, Conn.--(BUSINESS WIRE)--June 12, 2006--GE Antares Capital today announced it is the sole lead lender on a C$25-million senior credit facility to provide Wellspring Capital Management with working capital to support the growth of its portfolio company, Neucel Specialty Cellulose Ltd. The asset-based financing is a revolving credit facility.
NORWALK, Conn.--(BUSINESS WIRE)--June 12, 2006--GE Commercial Finance - Global Media & Communications today announced that JP Marchette has been appointed to the position of senior vice president, Technology Lending origination, based in the Boston office located at One Beacon Street. He will be focused on expanding Technology Lending's presence in Boston and the East Coast regional market.
management. The firm takes controlling positions in promising middle-market companies where it can realize substantial value by contributing innovative operating and financing strategies and capital. Wellspring's limited partners include some of the largest and most respected institutional investors in the United States, Canada, and Europe.
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NORWALK, Conn.--(BUSINESS WIRE)--June 7, 2006--GE Antares Capital today announced the closing of an $80-million credit facility, to support the acquisition of ColorMatrix Corporation ("ColorMatrix") by Audax Group ("Audax"). GE Capital Markets served as the sole lead arranger for the credit facility.
SCOTTSDALE, Ariz.--(BUSINESS WIRE)--June 7, 2006--A $10.9 million loan funded by GE Capital Solutions, Franchise Finance, allowed Ascension Hotels, a Louisiana-based company owned by Aaron Patel and Kapoor & Kapoor Investments, to broaden its reach to Tulsa and to purchase a full-service Crowne Plaza hotel.
NORWALK, Conn.--(BUSINESS WIRE)--June 7, 2006--GE Antares Capital today announced the closing of an $80-million credit facility, to support the acquisition of ColorMatrix Corporation ("ColorMatrix") by Audax Group ("Audax"). GE Capital Markets served as the sole lead arranger for the credit facility.
