CHICAGO - October 20, 2014 - GE Capital today announced it is providing a $50 million credit facility to Bird Electric Enterprises, LLC (Bird Electric), a leading electrical services provider. The facility will be used for general working capital and to support a majority investment by 3.5.7.11, a private investment and acquisition firm.
BETHESDA, MD, OCT. 20, 2014 - GE Capital’s Healthcare Financial Services (HFS) business announced today that it is serving as the administrative agent on a $120 million senior credit facility for Schumacher Group, one of the largest emergency medicine, hospital medicine, care management and medical billing companies in the U.S.
The new facility consists of a $40 million revolver and an $80 million term loan, which will be used to refinance existing debt and to fund corporate growth. GE Capital Markets served as joint lead arranger and joint book runner on the facility.
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Working capital and inventory financing supports post-merger growth
CHICAGO, IL, OCT. 20, 2014 - GE Capital’s Commercial Distribution Finance (CDF) business has provided Venture Technologies, a newly formed combination of three value-added IT resellers (VARs), with a $30 million senior secured working capital loan in order to support the company’s expected growth.
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SCOTTSDALE, AZ, OCT. 20, 2014 - GE Capital’s Franchise Finance (GEFF) business announced today that it has provided a $45 million term loan to Bennett Hospitality. The funds will be used to refinance two hotels, an Embassy Suites and a Hampton Inn, and a parking garage, located in the historic district of Savannah, GA.
Based in Charleston, S.C., Bennett Hospitality operates 16 hotels under the Hilton and Marriott flags. Founded in 1983 by Michael R. Bennett, the company is one of the largest locally-owned property development companies.
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- Les revenus augmentent deux fois plus vite que le PIB
- Les entreprises ayant le meilleur rendement font de l’innovation une priorité stratégique
TORONTO (ONTARIO), le 16 OCTOBRE 2014 - Deux tiers des entreprises canadiennes de taille moyenne ayant participé au sondage de GE Capital ont constaté une amélioration du rendement, des revenus et de la croissance de l’emploi au sein de l’entreprise.
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- Revenues growing two times faster than GDP
- Top performers make innovation a strategic priority
TORONTO (ON), OCT. 16, 2014 - Two-thirds of mid-sized Canadian businesses surveyed by GE Capital have seen improved company performance, revenue and job growth. These companies expect this upward trend to continue over the next 12 months, predicting mean revenue growth of 7.2 percent - about twice the nominal Canadian GDP growth rate projected by the Bank of Canada.
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BAKERSFIELD, CA - October 15, 2014 - GE unit (NYSE: GE) GE Energy Financial Services has arranged a senior secured revolving credit facility for All American Oil & Gas, Inc. to refinance debt and fund reserve development in the Bakersfield, California, Kern River Oil Field. The $200 million facility -- with a $131 million initial borrowing base -- was provided to oil and gas exploration and production company Kern River Holdings, Inc., a wholly-owned subsidiary of All American Oil & Gas, Inc.
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- GE Capital’s Aviation Financing Unit Expands Into Helicopter Leasing
- Industry-Leading Milestone Team, Led by Richard T. Santulli, Joins GE
DUBLIN, Ireland - October 13, 2014 - GE Capital Aviation Services (GECAS), the aircraft leasing unit of GE (NYSE: GE), today announced the signing of an agreement to acquire Milestone Aviation Group, the Dublin-based helicopter lessor, for $1.775 billion.