ST. PAUL, Minn.--(BUSINESS WIRE)--July 12, 2004--Yamaha Motor Corporation, U.S.A. and GE Consumer Finance announce the launch of a national program, offering installment credit to customers for the purchase of powersports and marine equipment and accessories.
The Yamaha Installment Financing program is being rolled out through the network of over 2,300 Yamaha Motor Corporation dealers nationwide
NORWALK, Conn.--(BUSINESS WIRE)--July 6, 2004--GE Commercial Finance's Restructuring group announced that it has named Penny G. Friedman, senior vice president, to lead its origination efforts for the Central Region. Based in Chicago, Ms. Friedman will report to Stuart Armstrong, managing director.
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STAMFORD, Conn.--(BUSINESS WIRE)--June 30, 2004--GE Commercial Finance ("GE") today announced the completion of its acquisition of IKON Office Solutions, Inc.'s (NYSE:IKN) Canadian leasing business. The acquisition was announced on March 31, 2004. As part of the acquisition, and subject to certain post-closing adjustments, IKON will sell certain assets, and GE will assume certain obligations, relating to IKON's leasing operations in Canada for approximately CDN$215 million in gross proceeds.
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NORWALK, Conn.--(BUSINESS WIRE)--June 29, 2004--GE Commercial Finance's Global Media & Communications business announced that it has provided $15 million in senior debt financing for CurtCo Robb Media, LLC. The proceeds were utilized to refinance existing debt and for other general corporate purposes. The transaction closed on June 25.
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NORWALK, Conn.--(BUSINESS WIRE)--June 28, 2004--GE Commercial Finance, through its Business Credit unit, has provided Dantzler, Inc. with a $35 million credit facility, an expansion of a facility previously provided to Dantzler announced on June 15. The company will use the financing for working capital. With headquarters in Hialeah, Fla., Dantzler, Inc. is a leading wholesaler of lumber and plywood used in the construction industry throughout the Southeast U.S., Caribbean, Central America and Canada.
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NORWALK, Conn.--(BUSINESS WIRE)--June 22, 2004--GE Commercial Finance Business Credit announced that it has named Michael P. Knuckles as senior vice president, manager of origination for the Southern region. Based in Atlanta, Mr. Knuckles will manage a team of originators covering Alabama, Florida, Georgia, Kentucky, Mississippi, North Carolina, South Carolina, Tennessee, Virginia, and Washington, D.C.
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NORWALK, Conn.--(BUSINESS WIRE)--June 21, 2004--GE Commercial Finance, through its Business Credit unit, announced that it has financed Kentucky Electric Steel, LLC with a three-year, $15 million credit facility, which the company will use for working capital. With headquarters in Ashland, Ky., Kentucky Electric Steel, LLC recycles steel from scrap, a process designed to result in lower production costs than those of integrated steel mills, which produce steel by processing iron ore and other raw materials in blast furnaces.
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NORWALK, Conn.--(BUSINESS WIRE)--June 15, 2004--GE Commercial Finance, through its Business Credit unit, announced that it has financed Dantzler Lumber & Export, Inc. with a $25 million credit facility, which the company will use for working capital. With headquarters in Hialeah, Fla., Dantzler Lumber & Export, Inc. is a leading wholesaler of dimensional grade lumber and plywood throughout the Southeast U.S., Caribbean, Central America and Canada.
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NORWALK, Conn.--(BUSINESS WIRE)--June 14, 2004--GE Commercial Finance's Global Media & Communications business announced that it has provided $35 million in senior secured financing to Muzak, the leading company in business music programming in the U.S.
The financing provided by GE Commercial Finance supplements an existing senior secured debt facility and was used by the company to refinance a portion of its outstanding 13% senior discount notes due 2010. The transaction closed on May 10.
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KANSAS CITY, MO.June 10, 2004--GE's Employers Reinsurance Corporation (GE ERC) dedicated its new global headquarters building in Kansas City, Missouri, today.
Missouri Governor Bob Holden and State Senator Charles Wheeler joined Ron Pressman, Chairman and President of GE ERC in cutting a ribbon at the facility at 9201 State Line Road.
