NORWALK, CT -- February 18, 2014 -- GE Capital, Corporate Finance today announced it is serving as administrative and collateral agent on $600 million in senior credit facilities for auction house Sotheby's, (NYSE: BID) . The financing will be used for working capital and general corporate purposes. GE Capital Markets served as joint lead arranger and joint book runner on the facilities.
Realized Savings of $209 Million Achieved Primarily Through Replacement and Leasing Strategies
Eden Prairie, Minn. -- February 18, 2014 -- GE Capital Fleet Services today announced it identified $481 million in potential cost savings for customers in 2013, with customers realizing $209 million in actual savings as a result. By analyzing customer fleet data, GE Capital Fleet Services highlights areas for savings and has identified $1.2 billion potential savings opportunities for customers since 2011.
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SCOTTSDALE, AZ --- GE Capital, Franchise Finance has provided Armadillo Ventures, LLC, a Texas Roadhouse franchisee, with a $12 million senior credit facility comprised of a $9 million term loan and a $3 million development line of credit. The funds will be used to refinance existing debt and to build and operate a new restaurant location.
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SCOTTSDALE, AZ --- GE Capital's Franchise Finance business announced today that it provided $43 million in senior credit to WKS Restaurant Corp. The credit facility was used to substantially recapitalize the company. GE Capital serves as administrative agent and GE Capital Markets served as sole lead arranger and bookrunner on the facility.
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SINGAPORE, February 11, 2014 -- GE Capital Aviation Services Limited (GECAS), the commercial aircraft leasing and financing arm of GE, today announced its AviaSolutions consulting business signed a memorandum of understanding (MOU) with Myanma Airways, the flag carrier of Myanmar, to create and implement a strategic growth plan for the airline.
AviaSolutions will work with the airline's senior management on the project that includes an international expansion strategy utilizing the airline's newly leased Boeing narrow bodies to serve the business and tourism sectors.
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SINGAPORE, February 11, 2014 -- GE Capital Aviation Services, the commercial aircraft leasing and financing arm of GE, today announced at a press conference prior to the 2014 Singapore Air Show, it signed a contract with Myanma Airways, the flag carrier of Myanmar, to lease 10 new Boeing narrow bodies. Deliveries of the new leased aircraft are scheduled to begin in June 2015 and come from GECAS' existing order book with Boeing. The contract calls for six Boeing 737-800 models and four Boeing 737-8MAX models. The aircraft will deliver through 2020.
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Paris La Défense, le 6 février 2014. GE Capital France annonce aujourd'hui la nomination d'Adrien Desboudard en tant que Directeur des Ressources Humaines de GE Capital France. Il reporte directement au Président de GE Capital France, Thierry Willième.
Adrien Desboudard a réalisé un long parcours au sein du groupe GE, prenant alternativement ses fonctions en France, en Europe et au Royaume-Uni.
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London: 5 February 2014 -- GE Capital and Ares Management Ltd. have acted as Mandated Lead Arrangers for £76.5 million of unitranche facilities for NoteMachine, a mid-market portfolio company of Corsair Capital. Proceeds of the facilities were used to refinance existing indebtedness with additional funding also available to support future acquisitions.
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Paris La Défense, le 5 février 2014. GE Capital Factofrance et Gras Savoye s'engagent dans l'accompagnement des clients de Gras Savoye ayant subi un sinistre matériel en leur apportant une solution de financement innovante et sécurisée de leur activité en cette période soulevant fréquemment des difficultés de trésorerie. Cette solution leur permettra de poursuivre et pérenniser leur activité durant cette période de baisse de production.
Fonctionnement de la solution de financement