STAMFORD, Conn.--(BUSINESS WIRE)--Jan. 9, 2006--GE Energy Financial Services announced today that it has provided cash flow-based senior debt financing to support the acquisition of NORESCO, one of the largest providers of energy management and performance contracting services in the United States, by an investor group led by GFI Energy Ventures LLC.
Financial details were not disclosed.
BANGKOK, Thailand--(BUSINESS WIRE)--Jan. 4, 2006--GE Money announced today that its joint venture in India with State Bank of India - SBI Card - has reached the two million card customer milestone, making it a leading player in the highly competitive and fast-growing consumer finance market.
SALT LAKE CITY--(BUSINESS WIRE)--Jan. 4, 2006--Cardholders and commercial card program administrators (PAs) will see added convenience, efficiency and control from a new feature released by GE's Corporate Payment Services unit. The new manual authorization feature in NetService leverages GE's patented pre authorization technology and will significantly reduce phone calls that cardholders and PAs make when dealing with transaction declines at the point of sale.
STAMFORD, Conn. & LOS ANGELES & CHICAGO--(BUSINESS WIRE)--Dec. 22, 2005--Arden Realty, Inc. (NYSE:ARI) ("Arden" or the "Company") and GE Real Estate, a unit of GE Commercial Finance, announced today that they have executed a definitive agreement pursuant to which GE Real Estate will acquire the Company. In connection with the acquisition, Trizec Properties, Inc. (NYSE:TRZ) will acquire a Southern California portfolio comprised of 13 Arden properties, totaling 4.1 million square feet, concentrated in West Los Angeles and San Diego for approximately $1.6 billion.
NORWALK, Conn.--(BUSINESS WIRE)--Dec. 14, 2005--GE Commercial Finance - Global Media & Communications announced today that it has provided financing for two recent management buyouts in the publishing sector. GE provided a $45 million senior debt facility for Wachovia Capital Partners' purchase of Randall-Reilly Publishing Co. and a $20 million senior debt facility for Boston Ventures' and Castanea Partners' acquisition of Medley Global Advisors LLC.
TANAGER, Norway and STAMFORD, Conn.--(BUSINESS WIRE)--Dec. 13, 2005--Three GE financial businesses and ANZ, acting as joint Mandated Lead Arrangers, and Sevan Production AS, announced the signing of a US$120 million senior debt project finance facility for Sevan's first floating oil production, storage and offloading (FPSO).
KETTERING, Ohio--(BUSINESS WIRE)--Dec. 12, 2005--GE's Retail Sales Finance unit and the Independent Jewelers Organization (IJO) are collaborating on a new consumer credit program that began launching nationwide in November 2005.
The Master IJO Jeweler "Jewelry Express" program will be available through more than 850 IJO retailers, and provides on-the-spot applications, credit decisions within minutes, special promotions and competitive interest rates.
RICHMOND, Va. & SALT LAKE CITY--(BUSINESS WIRE)--Dec. 5, 2005--Following an extensive market evaluation and request for proposal, the Commonwealth of Virginia (COV) is providing MasterCard(R) purchasing and travel cards to employees, agencies and other participants in its statewide card program. As of October 2005, Corporate Payment Services (CPS), the commercial card unit of GE Consumer Finance, supports the COV program.
GE held an analyst meeting at RSNA conference on December 1st. The meeting showcased GE Healthcare business.
Location: Hyatt Regency at McCormick Place,
Chicago, Illinois
GE held an analyst meeting at RSNA conference on December 1st. The meeting showcased GE Healthcare business. Bill Castell, GE Vice Chairman, and Chairman, GE Healthcare, and Joe Hogan, President & CEO, GE Healthcare provided an update with the theme "Healthcare Re-Imagined".
Investor Contact Information
ST. PAUL, Minn.--(BUSINESS WIRE)--Nov. 29, 2005--GE's Retail Sales Finance unit, a leader in home improvement financing, has been selected to provide a new consumer credit program for Clockwork Home Services, parent company of Success Group International and provider of home services with more than 180 franchisees across the country.
Clockwork's new Royal Privilege Program is a private label credit card available to home services customers. According to the company, GE was selected for the speed and efficiency of its credit application process.
