LAKEWOOD, Colo.--(BUSINESS WIRE)--July 19, 2005
WFS Financial announced that it has chosen GE Auto Warranty Services as its exclusive provider of vehicle service contracts for its national network of automobile dealers.
GE Auto Warranty Services' extensive product offerings, electronic contract fulfillment and e-claims processing will simplify the process for WFS Financial dealers and its customers.
NORWALK, Conn.--(BUSINESS WIRE)--July 19, 2005--GE Commercial Finance Global Media & Communications announced today that it has provided an $18 million financing facility used in part by Valor Equity Partners for the acquisition of Southern California-based skiing and snowboarding resort Mountain High. GE served as administrative agent and sole lender for the transaction, which closed July 12, 2005.
ST. PAUL, Minn.--(BUSINESS WIRE)--July 13, 2005
The Retail Sales Finance unit of GE Consumer Finance has announced a new credit card for the recreational vehicle industry. The MileMarker(R) card is now available to RV owners through authorized RV dealers across the country.
The MileMarker card is a revolving credit tool that retailers can use to build customer loyalty and increase sales, said Gary Slagle, vice president, RV/Marine industry for Retail Sales Finance, part of GE Consumer Finance.
NORWALK, Conn.--(BUSINESS WIRE)--July 13, 2005--GE Commercial Finance Global Media & Communications today announced that it has named Thomas M. Byrne as senior vice president, origination. He will be responsible for originating and structuring debt transactions for companies in the cable and telecom sectors. Based in New York, NY, Mr. Byrne will report to Peter J. Foley, managing director and head of origination for GE's Global Media & Communications unit.
NORWALK, Conn.--(BUSINESS WIRE)--July 13, 2005--GE Commercial Finance Global Media & Communications today announced that it has named Thomas M. Byrne as senior vice president, origination. He will be responsible for originating and structuring debt transactions for companies in the cable and telecom sectors. Based in New York, NY, Mr. Byrne will report to Peter J. Foley, managing director and head of origination for GE's Global Media & Communications unit.
NORWALK, Conn.--(BUSINESS WIRE)--July 11, 2005--GE Commercial Finance Global Media & Communications announced today that it has provided $170 million in senior secured financing as administrative agent for Sioux Falls, SD-based broadband communications company PrairieWave Communications, Inc. The facility will fund PrairieWave's acquisition of Black Hills FiberCom, a provider of convergent communications services to 10 markets in western South Dakota.
NORWALK, Conn.--(BUSINESS WIRE)--July 11, 2005--GE Commercial Finance Global Media & Communications announced today that it has provided $170 million in senior secured financing as administrative agent for Sioux Falls, SD-based broadband communications company PrairieWave Communications, Inc. The facility will fund PrairieWave's acquisition of Black Hills FiberCom, a provider of convergent communications services to 10 markets in western South Dakota.
STAMFORD, Conn.--(BUSINESS WIRE)--July 6, 2005--GE Commercial Finance, the business-to-business financial services unit of General Electric (NYSE: GE), today announced it has agreed to acquire approximately $1 billion in aircraft assets from CIT Group Inc. (NYSE: CIT), a leading commercial and consumer finance company. The acquisition expands GE's corporate aircraft market reach, diversifies its customer base and creates additional cross-selling opportunities.
OMAHA, Neb. & KANSAS CITY, Mo.--(BUSINESS WIRE)--July 1, 2005--Berkshire Hathaway (NYSE: BRK) and General Electric (NYSE: GE) today announced that GE Insurance Solutions' sale of Medical Protective Corporation to Columbia Insurance, a unit of Berkshire Hathaway, became effective yesterday. The sale price was $825 million.
