ST. PAUL, Minn.--(BUSINESS WIRE)--Nov. 21, 2005--Hustler Turf Equipment, a pioneer in zero turn lawn mowing technology, has selected GE Consumer Finance's Retail Sales Finance unit to provide its new consumer credit program.
Beginning in January 2006, the Hustler Card program will be available at Hustler Turf Equipment dealers nationwide with a variety of financing options. Hustler is known as a leader in commercial grade lawn care equipment.
STAMFORD, Conn.--(BUSINESS WIRE)--Nov. 21, 2005--Furthering its growth strategy, GE Consumer Finance, the consumer lending unit of General Electric Company (NYSE:GE), today announced that it has entered into an agreement to purchase and manage the private label credit card assets of Belk, Inc., the nation's largest privately owned department store company. Belk operates 278 stores in 15 Southeast and Mid-Atlantic states under the names Belk, McRae's and Proffitt's.
CHICAGO--(BUSINESS WIRE)--Nov. 21, 2005--GE Healthcare Financial Services has provided a $20 million senior term loan to Amphastar Pharmaceuticals, Inc., a generic and specialty pharmaceutical company based in Rancho Cucamonga, Calif., that focuses on injectable and inhalation products.
NORWALK, Conn.--(BUSINESS WIRE)--Nov. 21, 2005--GE Commercial Finance - Global Media & Communications announced today that it has become the administrative agent and co-lender for a $335 million financing facility to NextMedia Operating, Inc. GE Capital Markets served as joint lead arranger and co-syndication agent for the transaction, which closed on November 15, 2005.
NORWALK, Conn.--(BUSINESS WIRE)--Nov. 17, 2005--GE Commercial Finance - Global Media & Communications today announced that two new positions have been created with the goal of providing clients with full-time, real-time insight into technological trends and developments relative to their industry sectors. Filling the key industry advisory positions will be Robert C. Raciti, Ph.D. and Ron Stevenson, each of whom is recognized for his expertise and knowledge of innovative, groundbreaking technologies.
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CHICAGO--(BUSINESS WIRE)--Nov. 10, 2005--GE Commercial Finance Healthcare Financial Services has provided a $40 million five-year term loan to an entity related to Formation Capital, LLC, an Alpharetta, Ga.-based firm that invests equity in the senior housing and care industry. The firm also tapped the GE group to recapitalize two portfolios.
ST. PAUL, Minn.--(BUSINESS WIRE)--Nov. 8, 2005--Saxon Motorcycle Company, a manufacturer of quality custom choppers and pro street motorcycles, has announced a new consumer financing program in cooperation with GE Consumer Finance.
The FUNancing program will provide installment lending to Saxon's nationwide dealer network. Saxon customers will now have access to the competitive rates, attractive terms, and special promotions the FUNancing program offers.
NORWALK, Conn.--(BUSINESS WIRE)--Nov. 7, 2005--GE Commercial Finance - Technology Lending, a unit of Global Media & Communications, today announced that it has appointed Kjerstin E. Barley to the position of senior vice president, origination. Based in San Francisco, she will be responsible for developing client relationships within the technology sector and will report to John Kinnaman, managing director, GE Commercial Finance - Technology Lending.
