NORWALK, CT-- October 22, 2012 -- GE Capital, Restructuring Finance today announced it is administrative agent on a $150 million debtor-in-possession credit facility for Vertis Holdings, Inc., a marketing communications company. The loan will be used for working capital needs as the company continues operations under Chapter 11. GE Capital Markets served as lead arranger.
SAO PAULO, October 22, 2012 -- GE Capital Aviation Services Limited (GECAS), the commercial aircraft leasing and financing arm of GE, announced today it will lease four new Boeing 737-800 aircraft to GOL Linhas Aéreas Inteligentes S.A. as part of a purchase and leaseback transaction.
Delivery of the first aircraft from the airline's existing order book with Boeing is scheduled for December 2012.
GOL operates a fleet of 128 aircraft to more than 63 destinations in 12 countries.
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SHANGHAI, October 12, 2012 -- GE Capital Aviation Services Limited (GECAS), the commercial aircraft leasing and financing arm of GE, announced delivery of two new Boeing 737-800s to China Eastern Airlines.
Deliveries were completed in July and September and were part of GECAS' existing order book with Boeing.
China Eastern Airlines operates a fleet of more than 300 aircraft to more than 100 destinations.
Dan Whitney
GE Capital Aviation Services
[email protected]
203-585-2268
203-300-8707
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Helps new U. S. manufacturer of performance bikes build distribution network
CHICAGO -- GE Capital's Commercial Distribution Finance (CDF) business has agreed to provide Motus Motorcycles with inventory financing to support the expansion of its dealer network in the U.S.
The Birmingham, AL-based manufacturer was founded four years ago to produce premium American-made sport-touring motorcycles. Recently, Motus launched production plans for the 2013 line, its first model year.
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Provides funding for nine sale-leaseback locations
SCOTTSDALE, Ariz. (October 9, 2012) --- GE Capital, Franchise Finance recently provided $16.1 million to WendPartners, a Wendy's franchisee. The facility is being used for the sale-leaseback of nine locations in Texas, New Mexico, Ohio, Georgia, and Alabama.
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NORWALK, Conn.--04 October 2012--GE Capital, Corporate Finance today announced it is lead agent on a $173 million U.S. and Canadian cash flow senior credit facility for subsidiaries of Rand Logistics, Inc.
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The weather is warming up and summer is on its way. While many of us use this time of the year to spring clean the house and backyard, it's also a great time to give your finances a once over. Taking half an hour to look at a few ways you and your family can improve your budgeting and spending habits could help you save you more than you think.
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STAMFORD, CONN, Oct. 3, 2012 -- GE Capital Aviation Services (GECAS), the commercial aircraft leasing and financing arm of General Electric (NYSE: GE), and Boeing (NYSE: BA) finalized a firm order for 85 737s, which includes 75 737 MAX 8s and 10 Next-Generation 737-800s. The order, first announced as a commitment at the Farnborough Airshow in July, allows for up to 15 additional 737-800s.
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NORWALK, Conn.--02 October 2012--GE Capital, Corporate Finance today announced it is administrative agent on a $200 million asset-based credit facility for Furniture Brands International, Inc. (NYSE: FBN), a leading supplier of home furnishings.