Channel cash flow challenges may also drive more M&A
CHICAGO, IL --- GE Capital's Commercial Distribution Finance (CDF) business saw an increase of more than 10 percent in financing volume in the information technology (IT) channel in 2012, and it expects that trend to continue this year. This is, in part, because of wider adoption of manufacturer-approved financing programs that offer inventory working capital within the IT industry, both domestically and internationally, easing cash flow challenges for value-added resellers (VARs), distributors and system integrators.
business unit
tags
GE Capital is optimistic about the outlook for the music instrument industry
CHICAGO, IL ― As the National Association of Music Merchants (NAMM) prepares for its annual winter show, GE Capital's Commercial Distribution Finance (CDF) business said it is optimistic about the outlook for the music instrument industry.
business unit
tags
BETHESDA, MD -- January 22, 2013 --- GE Capital, Healthcare Financial Services announced today that it is serving as administrative agent on a $45 million senior secured credit facility for The Brooklyn Hospital Center. The financing refinanced existing debt and is being used for ongoing working capital needs. GE Capital Markets served as sole lead arranger and bookrunner on the facility.
business unit
tags
YANGON, Myanmar, January 22, 2013 -- Myanma Airways, the flag carrier of Myanmar, inaugurated into service, from Yangon to Mandalay, the first of two Embraer E190s leased from GE Capital Aviation Services (GECAS), the commercial aircraft leasing and financing arm of GE (NYSE: GE).
business unit
tags
ACCRA, Ghana, January 21, 2013 -- GE Capital Aviation Services Limited (GECAS), the commercial aircraft leasing and financing arm of GE, announced the delivery of two leased Boeing 737-400s to new customer AeroContractors Company of Nigeria Limited.
Deliveries were made in September and December to expand the airline's fleet.
business unit
tags
Private Label Credit Card Offers Financing on Outdoor Power Equipment Products
STAMFORD, CONN. and MILWAUKEE, WI. -- January 11, 2013 -- GE Capital Retail Bank and Briggs & Stratton Corporation (NYSE:BGG) recently announced a multi-year agreement to provide a private label retail credit card program for power equipment and standby generators. GE Capital Retail Bank provides financial solutions for manufacturers and dealers to help grow their customer sales.