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Press Release

GE Capital Provides Fitness Club Chain YouFit with $45 Million in Growth Capital

December 18, 2014

CHICAGO - GE Capital today announced it is providing a $45 million credit facility to YouFit, LLC., a chain of fitness clubs. The facility will be used to support the company’s future growth plans and for general working capital needs.

YouFit is headquartered in Deerfield Beach, FL, and has more than 75 locations in 13 states. YouFit provides customers with budget-friendly, month-to-month membership options. They are also committed to sustainability, outfitting gyms with energy-efficient choices and recycled materials.

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Press Release

Five GE Capital, Rail Services Employees Elected to Association of American Railroads' Associate Advisory Board Committees

December 18, 2014

CHICAGO, Dec 18, 2014 - GE Capital, Rail Services  today announced that five of its employees have been elected to the Association of American Railroads (AAR) Associate Advisory Board (AAB) committees.

Elected members are:

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Press Release

GE Capital Agents $19 Million Senior Secured Credit Facility for Rapid Micro Biosystems, Inc.

December 15, 2014

BETHESDA, MD, dec. 15, 2014 - GE Capital’s Healthcare Financial Services business announced today that it has agented a senior secured credit facility of up to $19 million for Rapid Micro Biosystems, Inc. The company provides innovative products for faster detection of microbial contamination in the manufacture of pharmaceutical, biotechnology, and personal care products. The financing, comprised of a revolving credit facility and two term loan facilities, will provide working capital as the company ramps up the commercialization of its products.

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Recreational Vehicle Industry Expects Sales to Increase Next Year, Says New GE Capital Survey

December 11, 2014

CHICAGO  - Optimism remains high in the recreational vehicle (RV) industry, according to survey results released today by GE Capital’s Commercial Distribution Finance (CDF) business.

Forty-one percent of survey respondents said they expect sales to rise 5 percent to 10 percent next year, and an additional 26 percent expect RV sales to grow 10 percent to 15 percent. This is similar to last year’s sentiment, where 37 percent of respondents thought their sales would grow between 5-10 percent.

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GE Energy Financial Services and Pacifico Energy to Construct Second Joint Solar Project in Japan

December 10, 2014

OKAYAMA, Japan--GE unit (NYSE:GE) GE Energy Financial Services is continuing its expansion into the Japanese renewable energy power market, completing its second solar project financing transaction with Pacifico Energy, a Tokyo-based utility-scale solar project developer and subsidiary of Virginia Solar Group. GE Energy Financial Services invested alongside Virginia Solar Group in Mimasaka Musashi, a 42-megawatt (DC) photovoltaic solar power project under construction in the prefecture of Okayama.

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Press Release

GE Antares Capital Finances NOVOLEX Acquisition of Packaging Dynamics Corp.

December 10, 2014

CHICAGO -  GE Antares, a unit of GE Capital, announced today it is serving as administrative agent on the $1.005 billion first lien portion of a $1.3 billion senior credit facility to support the acquisition of Packaging Dynamics Corporation by NOVOLEX, a Wind Point Partners portfolio company. GE Capital Markets served as joint lead arranger and joint bookrunner on the entire $1.3 billion facility.

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Joachim Secker als Vorstandsvorsitzender der GE Capital Bank AG bis 2019 bestätigt

December 10, 2014

Aufsichtsrat der GE Capital Bank AG verlängert vorzeitig Vertrag

Joachim Secker, Chief Executive Officer von GE Capital Germany und Vorstandsvorsitzender der GE Capital Bank AG wurde vom Aufsichtsrat der GE Capital Bank AG erneut als Vorstandsvorsitzender bestätigt. Der entsprechende Vertrag wurde bis 31. Januar 2019 verlängert.

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GE Capital One of the First Lessors to Deliver Tank Cars Adhering to 2015 Worker Safety Appliance Standard

December 08, 2014

CHICAGO - GE Capital, Rail Services announced today it is delivering 875 tank cars that meet the 2015 Safety Appliance Standard to customers. GE Capital is one of the first lessors to offer tank cars that comply with the Association of American Railroads (AAR) Safety Appliance Standard S-2044 that was adopted by the Federal Railroad Administration (FRA) in February. All railcars manufactured after January 2015 will be required to meet this new standard.

 

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GE Capital Finances Vista Equity Partners' Acquisition of NAVEX Global

December 03, 2014

NORWALK, CT, DEC. 3 2014 - GE Capital’s Telecom, Media and Technology (TMT) financing business announced that it served as administrative agent on a $310 million senior secured credit facility to support Vista Equity Partners’ acquisition of compliance and ethics software provider NAVEX Global. GE Capital Markets served as co-lead arranger and co-bookrunner on the facility.

NAVEX offers policy and case management software, internal reporting solutions, automated third-party risk management, online training and advisory services to help remediate key workplace compliance risks. 

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GE Capital Provides Financing to Houston Popeyes Franchisee Z&H Foods

November 24, 2014

SCOTTSDALE, AZ, NOV. 24, 2014 - GE Capital’s Franchise Finance (GEFF) business announced today that it has provided financing to Z&H Foods, LLC to develop more than 20 Popeyes units and to refinance debt. GE Capital Markets served as administrative agent on the transaction.

Based in Sugarland, TX, Z&H operates more than 90 Popeyes units in multiple markets in Texas and, more recently, in Phoenix, Denver and Salt Lake City.

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