NORWALK, CT, JUNE 16, 2014 --- GE Capital's Telecom, Media and Technology (TMT) financing business announced today it served as administrative agent on a $12 million incremental credit facility increase to VSS - Southern Theatres, LLC (Southern Theatres). The total credit facility for Southern Theaters is now $92 million. The incremental line increase will be used to fund the build out of several new Movie Tavern locations in the southeastern U.S. and Pennsylvania. GE Capital Markets served as lead arranger and joint bookrunner on this facility.
Program bridges liquidity gap between product build-up and customer payment
CHICAGO, IL, JUNE 11, 2014 --- GE Capital, Commercial Distribution Finance (CDF) is expanding the pool of working capital financing available to small and middle market information technology (IT) solution providers. With secured lending from a reliable liquidity source, entrepreneurs may be more prepared to bid on large projects, even if they expect extended cash collection periods from their customers.
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SHANNON, Ireland, June 10, 2014 -- GE Capital Aviation Services Limited (GECAS), the commercial aircraft leasing arm of GE, today announced delivery of a new Boeing 787-8 Dreamliner to TUI Travel as part of a purchase-and-leaseback transaction.
A second 787 aircraft is scheduled for delivery to TUI Travel later this month.
As part of its wide body strategy, GECAS placed an order directly with Boeing in September 2013 for 10 of the Boeing 787-10 Dreamliner models. These aircraft are scheduled for delivery beginning in 2019.
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CHICAGO --- GE Antares, a unit of GE Capital, announced today it served as administrative agent on a $107 million multi-currency, cross-border credit facility to McLarens Global Limited (McLarens). The transaction refinanced the company's senior debt, repaid its subordinated debt and provided flexibility for future acquisitions. GE Capital Markets served as lead arranger and joint book runner on this facility.
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NORWALK, CT -- GE Capital today announced it has provided Accolade Wines, the world's fifth largest wine producer, with a $300 million cross-border credit facility. The financing will enable the continued global growth of the business.
GE Capital facilitated financing across Australia, the United Kingdom, New Zealand and the United States, giving Accolade seamless access to capital in regions of operation. With its roots in one of the first wineries established in Australia, today Accolade sells wine in over 80 countries.
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OKAYAMA, JAPAN -- June 9, 2014: Expanding its international and renewable energy footprints, GE unit (NYSE: GE) GE Energy Financial Services has invested in a 32-megawatt solar photovoltaic power project in Japan. This transaction, with project developer Pacifico Energy, contributes to GE Energy Financial Services' plan to invest over USD $1 billion annually in renewable energy projects worldwide.
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Paris La Défense, le 5 juin 2014. GE Capital remporte l'appel d'offres public émis par l'UGAP et devient son fournisseur unique pour la location longue durée des véhicules particuliers et utilitaires légers de l'ensemble de ses clients. Dans une volonté partagée de bénéficier de solutions totalement dématérialisées, GE Capital a développé une solution d'EDI permettant, en lien avec le portail iManage, de gérer l'intégralité des flottes automobiles de façon dématérialisée, de la commande à la facturation.
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- Conversion of co-branded credit cards to MasterCard®
- Cardholders earn 5 percent cash back on fuel purchases
- First mass retailer to implement chip-enabled technology
BENTONVILLE, Ark. -- June 3, 2014 -- Sam's Club today announced a credit card cash back program that gives members the opportunity to earn 5 percent cash back on fuel, 3 percent cash back on dining and travel, and 1 percent cash back on all other purchases, up to $5,000 annually.
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Honorees to receive awards during CIO 100 Symposium & Awards Ceremony
NORWALK, CT, JUNE 3, 2014 --- IDG's CIO magazine announced that GE Capital (NYSE: GE) received two notable CIO 100 awards for its innovative programs and solutions that help customers across the globe achieve their business goals in 2014.
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NORWALK, CT -- GE Capital, Corporate Finance today announced it is the administrative agent and sole lender on a $60 million senior credit facility for Consolidated Systems Incorporated (CSi). CSi produces metal products for use in the commercial construction industry and for original equipment manufacturers (OEMs). The financing will be used for working capital and general business needs.