MOSCOW--(BUSINESS WIRE)--Aug. 11, 2004-DeltaBank is a Leading Issuer of Visa Cards in Russia GE Consumer Finance (GECF), the global consumer lending unit of General Electric Company (NYSE: GE), today announced that it has reached an agreement to acquire DeltaBank, a Moscow-based Russian consumer bank. DeltaBank's majority shareholders are Delta Russia Fund and The U.S.-Russia Investment Fund, both managed by Delta Capital Management.
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NORWALK, Conn.--(BUSINESS WIRE)--Aug. 9, 2004--GE Commercial Finance Global Media & Communications announced today that it was the co-arranger and co-documentation agent in a $325 million senior debt facility for AAT Communications Corp. (AAT), the nation's largest privately held provider of wireless tower sites. The facility closed July 16.
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STAMFORD, Conn.--(BUSINESS WIRE)--Aug. 8, 2004-- Dillard's Inc. selects GE unit to provide retail credit card services and program support for its customers GE Consumer Finance, a global leader in retail credit car programs and other consumer lending services, announced today that it has entered into an agreement to purchase substantially all of the assets of Dillard National Bank, the private label credit card issuing bank of Dillard's Inc. (NYSE: DDS), for approximately $1.25 billion.
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STAMFORD, Conn.--(BUSINESS WIRE)--Aug. 5, 2004--GE Commercial Finance has added two executives to its Capital Markets/Syndications team, it was announced today. The two, Jeffrey A. Gimby, and John K. Kuhn, have been named senior vice president, GE Commercial Finance Capital Markets/Syndications and report to Mary Beth Burnett, managing director, GE Commercial Finance Capital Markets/Syndications.
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NORWALK, Conn.--(BUSINESS WIRE)--Aug. 4, 2004--GE Commercial Finance's Global Media & Communications business announced that it has co-arranged $36 million in senior secured financing for American Consolidated Media, Inc., a Texas-based community newspaper publisher. GE provided $18 million of the facility, was appointed Administrative Agent, and served as Co-Arranger with CIT's Communications and Media Finance group, a unit of CIT Group Inc. (NYSE:CIT), which also provided $18 million.
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PLEASANTON, Calif.--(BUSINESS WIRE)--July 26, 2004--GE Commercial Finance Corporate Lending announced that Carlos A. Elizondo, vice president, will focus on Silicon Valley based technology companies with responsibility for originating corporate lending opportunities.
GE Commercial Finance Corporate Lending is a leading provider of financing solutions uniquely positioned to provide products across the entire debt spectrum including asset-based financing, cash flow lending, securitization and corporate restructuring.
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NORWALK, Conn.--(BUSINESS WIRE)--July 19, 2004--GE Commercial Finance Global Media & Communications announced today that it has arranged a $220 million senior debt facility for Cygnus Business Media, a leading, diversified business-to-business media company. The facility closed July 13.
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STAMFORD, Conn.--(BUSINESS WIRE)--July 14, 2004--Kirkland's, Inc., a leading U.S. retailer of home decor, and GE Consumer Finance, one of the world's leading consumer lenders, today announced the signing of an agreement to launch the retailer's first-ever private-label credit card program. The new Kirkland's card will be offered at the chain's 282 stores in 36 states, providing qualified customers with a range of valuable programs and benefits.