CHICAGO--(BUSINESS WIRE)--GE Antares Capital and its sister company, GE Leveraged Loans Ltd., based in the United Kingdom, today announced their role as administrative agent for an $80.0 million U.S. senior credit facility and a £15.0 million U.K. senior credit facility to support KNIA Holdings, Inc. ("KNIA"), an affiliate of funds managed by Kohlberg & Company, L.L.C. ("Kohlberg") in its acquisition of Niagara Corporation ("Niagara"). GE Capital Markets served as the sole lead arranger and bookrunner for the credit facility.
BARRINGTON, Ill. BARRINGTON, Ill.--(BUSINESS WIRE)--GE Healthcare, a unit of General Electric Company (NYSE: GE) and a leading provider of comprehensive clinical, financial and administrative information technology solutions announced today that Valley Baptist Health System will upgrade its existing IDX "LastWord" system to the Centricity Enterprise (formerly IDX® Carecast™) solution. Once complete, the implementation of Centricity Enterprise will provide caregivers with a complete and accurate view of a patient's medical history electronically.
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NORWALK, Conn.--(BUSINESS WIRE)--GE Commercial Finance -- Corporate Lending today announced that its Retail Finance team has served as administrative agent on a $183-million credit facility for USA Drug, a leading family-owned retail drug store chain and distributor. The credit facility consists of a $177-million revolver and a $6-million term loan. GE Capital Markets acted as sole lead arranger on this facility.
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WILMINGTON, N.C.--(BUSINESS WIRE)--Global Nuclear Fuel (GNF), a joint-venture of GE, Hitachi and Toshiba, has been awarded a multi-million dollar, 10-year contract to supply fuel fabrication and reload-engineering services for Entergy Corporation's five boiling water reactors (BWRs).
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NORWALK, conn.--(BUSINESS WIRE)--GE Commercial Finance - Corporate Lending today announced that it provided a $150-million revolving credit facility to KUMHO TIRE U.S.A., INC., the U.S. distributor of South Korea-based KUMHO TIRE CO., INC.--a $2-billion global tire manufacturer. GE Capital Markets is the sole agent, bookrunner and administrative agent on the facility. The loan will be used for working capital needs.
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ATLANTA--(BUSINESS WIRE)--GE Energy's (NYSE: GE) first 7H gas turbine, one of the most efficient and advanced machines of its type in the world, has completed testing and is on its way to the Inland Empire Energy Center near Riverside, California, the commercial launch site for GE's 60-hertz H System™ technology.
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New PD Platinum Card Available Nationwide
KETTERING, Ohio--(BUSINESS WIRE)--American consumers are upgrading their technology to high-end electronic merchandise such as big screen televisions, digital cameras, video camcorders and laptop computers. Now, GE Money and PeachDirect have made it easier to make those purchases and other luxury items affordable thanks to a new private label financing program available this month.
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NORWALK, Conn.--(BUSINESS WIRE)--Sept. 21, 2006--GE Commercial Finance - Global Media & Communications today announced that its Technology team has provided growth capital financing to Brightcove, an Internet TV pioneer. GE was the lead lender of the $5 million facility, which closed September 1.