NEWARK, NJ - June 20, 2014: Energy Investors Funds (“EIF”), an energy-focused private equity firm, announced today that two EIF-managed funds have indirectly acquired an additional 50 percent ownership stake in the Newark Energy Center from Hess Corporation (NYSE: HES) using a $590 million loan from Crédit Agricole Corporate and Investment Bank, GE unit (NYSE: GE) GE Energy Financial Services and Mitsubishi UFJ Financial Group (MUFG).
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CHICAGO, IL -- GE Capital, Corporate Finance today announced it is providing Lagunitas Brewery with a $20 million credit facility to equip the company's new Chicago brewery.
Lagunitas, founded in 1991 and headquartered in Petaluma CA, is one of the nation's fastest-growing craft brewers. The company is opening a 600,000-barrel capacity brewery in the Douglas Park neighborhood of Chicago, where it held a ribbon-cutting ceremony on June 17, 2014.
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IRVING, TX, JUNE 19, 2014 --- GE Capital's Equipment Finance business announced today that it has launched a financing program for commercial and municipal customers of Generac Power Systems, Inc. [NYSE: GNRC]. Based in Waukesha, WI, Generac supplies standby power systems for residential, commercial and industrial customers.
Under this program, GE Capital provides loan and lease financing options for customers who purchase commercial and industrial generators. The financing is available for purchases made through distributors as well as Generac's authorized dealers.
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Free "Summer of Learning" program helps entrepreneurs hone crucial skills
IRVING, TX, JUNE 19, 2014 --- GE Capital, Equipment Finance, a leader in providing financing programs for equipment manufacturers through large dealer networks, is launching a series of free webinars to help these entrepreneurial business leaders sharpen skills related to selling products and hiring employees. The "Summer of Learning" series is applicable to equipment dealers in construction, lift machines, office imaging, information technology, medical equipment and commercial trucking.
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NORWALK, CT -- GE Capital, Corporate Finance today announced it is serving as administrative agent on a $160 million revolving credit facility for Huttig Building Product Inc. (NASDAQ: HBP). The new facility refinances existing debt and provides an additional $40 million in financing to support future growth. GE Capital Markets served as co-lead arranger.