New trend in company car and van sector identified by GE Capital
Manchester, 2nd November 2012: Employers are moving to make drivers of company vehicles more responsible for their condition in an attempt to minimise end-of-contract charges and reinforce residual values, reports GE Capital's Fleet Services division.
The company says that, among its customer base, a number of employers are either implementing new and more stringent driver policies in this area or tightening up on existing ones.
NORWALK, CT-- October 31, 2012 -- GE Capital, Corporate Finance today announced it is administrative agent on a $105 million cash flow credit facility to Columbus Manufacturing, Inc., a producer of premium-branded specialty Italian cured meats. The financing is being used to support the acquisition of Columbus Manufacturing by Arbor Investments. GE Capital Markets served as lead arranger and bookrunner.
SHANNON, Ireland, October 25, 2012 -- GE Capital Aviation Services Limited (GECAS), the commercial aircraft leasing and financing arm of GE, announced delivery of a leased Boeing 737-300F to Spain's Swiftair S.A. to expand the carrier's fleet.
Swiftair operates cargo flights in Europe, North Africa and the Middle East with a fleet of more than 30 aircraft.
Agricultural equipment dealerships in U.S. and Canada may benefit from preferred credit program
CHICAGO, IL -- GE Capital, Commercial Distribution Finance (CDF) has been selected by Vermeer Corporation as a preferred provider of floorplan financing for its agricultural equipment distribution network in the U.S. and Canada. Headquartered in Pella, IA, Vermeer develops and manufactures a variety of equipment for use in agriculture as well as other industries, including construction, landscaping, mining and tree care.
Event kicks off today in Louisville, KY
CHICAGO, IL ― As the annual Green Industry and Equipment Expo (GIE+Expo) kicks off today in Louisville, KY, GE Capital's Commercial Distribution Finance (CDF) business said it is optimistic about the outlook for the lawn and garden industry.
Eden Prairie, Minn. -- October 23, 2012 -- GE Capital Fleet Services' U.S. maintenance control center, located in Eden Prairie, Minn., has been certified as a Center of Excellence by BenchmarkPortal. The Center of Excellence recognition is one of the most prestigious awards in the service and support industry.
Acquisition financing for six hotel properties
SCOTTSDALE, Ariz. (October 23, 2012) --- GE Capital, Franchise Finance recently provided a $49.75 million loan to affiliates of Wheelock Street Capital, LLC, for the acquisition of six hotel properties in North Carolina, Texas, and Illinois. The hotels have brand affiliations with Marriott®, Hilton® InterContinental, and Choice.
