SHENZHEN, China--(BUSINESS WIRE)--Oct. 20, 2005--GE Consumer Finance ("GECF"), the global consumer lending unit of General Electric Company (NYSE: GE), and Shenzhen Development Bank (SZSE 000001, "SDB"), the first publicly traded bank in China, today announced that they have entered into a Strategic Cooperation Agreement to develop consumer finance opportunities in China.
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CHICAGO--(BUSINESS WIRE)--Oct. 20, 2005--GE Commercial Finance Healthcare Financial Services recently closed two major transactions with leaders in the long-term care industry - a $60 million senior housing acquisition line with Chain Bridge Capital, LLC, and a $58.7 million five year, fixed-rate term loan with IPC AL REIT.
Both transactions were designed to help the companies meet their specific business objectives:
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NORWALK, Conn.--(BUSINESS WIRE)--Oct. 20, 2005--GE Commercial Finance Corporate Lending today announced that it has appointed Todd Lynady to serve as vice president of originations. Based in New York, NY, Mr. Lynady will be responsible for originating lending opportunities among small and middle market companies throughout New York, New Jersey, in addition to Northeast and Central Pennsylvania. He will report to Dan Greene, Senior Vice President and Team Leader, East Region.
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NORWALK, Conn.--(BUSINESS WIRE)--Oct. 17, 2005--GE Commercial Finance Global Media & Communications today announced that James L. McGovern has been appointed Senior Vice President, Origination. He will be responsible for generating client relationships and originating senior debt transactions in the large cap media sector. Based in New York, NY, Mr. McGovern will report to Thomas Regan, Managing Director, Global Media & Communications.
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KANSAS CITY, Mo.--(BUSINESS WIRE)--Oct. 17, 2005--GE Insurance Solutions today announced it has named Mike Furlong to lead its Lawyers Professional Liability unit. Furlong is a ten-year veteran of GE Insurance Solutions with a diverse background in claims leadership and Six Sigma Quality.
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CHICAGO--(BUSINESS WIRE)--Oct. 13, 2005--GE Commercial Finance Healthcare Financial Services participated in a $675MM senior secured credit facility (revolver and term loan) with Concentra Operating Corporation, the largest outsource provider of occupational healthcare services in the United States.
Concentra will use the credit facility to fund future acquisitions and refinance existing debt. GE served as the documentation agent for this transaction, committing $47MM.
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CHICAGO--(BUSINESS WIRE)--Oct. 11, 2005--GE today announced that Todd Emro has been named to lead all petrochemical sales and services activities associated with the company's Rail Services unit. Mr. Emro will be responsible for providing commercial leadership and driving customer loyalty programs for this growing segment of the business.