Supports Forty-Five U.S. and Canadian Boat Brands; Extends Through 2017
CHICAGO, IL --- GE Capital's Commercial Distribution Finance (CDF) business announced today it has extended its strategic floorplan financing agreement with Independent Boat Builders, Inc. (IBBI), a major boat manufacturer buying group, in the U.S. and Canada. The program covers 24 manufacturers that sell 45 brands. Established in 1989, IBBI, based in Benton, IL, is the largest cooperative buying group in the U.S. and Canada, with IBBI manufacturers selling more boats in those countries than any other entity.
business unit
tags
SHANNON, Ireland, May 30, 2014 -- GE Capital Aviation Services Limited (GECAS), the commercial aircraft leasing arm of GE, today announced that its engine leasing unit completed a purchase-and-leaseback transaction with Aerovías De Mexico S.A.de C.V., (Aeromexico), for a new GEnx engine. The engine will be used as a spare to support the airline's Boeing 787 fleet.
business unit
tags
SCOTTSDALE, AZ, MAY 29, 2014 --- GE Capital's Franchise Finance business announced today that it has provided $31 million to United Restaurant Group, LP (URG) in a combined sale-leaseback and refinancing. GE Capital served as administrative agent and GE Capital Markets served as sole lead arranger and bookrunner on the senior debt facility.
business unit
tags
SHANNON, Ireland, May 29, 2014 -- GE Capital Aviation Services Limited (GECAS), the commercial aircraft leasing arm of GE, today announced delivery of a new Embraer E190LR aircraft to Montenegro Airlines to expand the carrier's fleet. The aircraft is from GECAS' existing order book with Embraer.
Montenegro Airlines currently operates a fleet of nine aircraft to destinations in Europe.
GECAS News
business unit
tags
SHANNON, Ireland, May 28, 2014 -- GE Capital Aviation Services Limited (GECAS), the commercial aircraft leasing arm of GE, today announced it will lease two new Boeing 737-800 aircraft to Kenya Airways to expand the carrier's fleet. The aircraft come from GECAS' existing order book with Boeing and are scheduled for delivery in early 2015.
Kenya Airways currently operates more than 40 aircraft to more than 50 destinations.
GECAS News
business unit
tags
SCOTTSDALE, AZ, MAY 27, 2014 --- GE Capital's Franchise Finance business announced today that it has provided $35.5 million in senior debt to Valenti Mid-South Management, LLC, a major Wendy's franchisee based in Tampa, FL. The funds will be used to refinance most of the company's senior debt.
Valenti owns and operates 125 Wendy's restaurants in Tennessee, Mississippi, Arkansas, Missouri and Pennsylvania, as well as 17 Chili's in Mississippi and Alabama. The company employs more than 4,900 people.
business unit
tags
LONDON, 27 May, 2014: GE Capital, one of Europe's leading providers of commercial finance, today announced that it has provided £80 million to finance future growth of the Hovis brand. The deal, which is GE Capital's largest single exposure into the food industry to date will be used to fund general working capital needs following the acquisition of a controlling stake in Hovis Ltd by Gores Group last month.[1]