STAMFORD, Conn.--(BUSINESS WIRE)--May 20, 2003--Workhorse Custom Chassis and GE Distribution Finance, the commercial arm of GE Consumer Finance, have signed a multi-year agreement, creating a national Chassis Finance Program for qualified Workhorse dealers. Workhorse, with headquarters in Union City, Indiana, is one of the industry's leading manufacturers of chassis for commercial step vans.
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CHICAGO--(BUSINESS WIRE)--May 19, 2003--GE Corporate Lending is serving as the lead agent for the $250 million debtor-in-possession financing facility secured by NRG Energy, Inc. in connection with NRG's voluntary filing on May 15 for reorganization under Chapter 11 of the U.S. Bankruptcy Code.
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STAMFORD, Conn.--(BUSINESS WIRE)--May 6, 2003--GE Corporate Financial Services' Retail and Restructuring Group is the lead administrative agent for $2 billion in exit financing being provided to Kmart Corp. in connection with the company's emergence today from bankruptcy protection.
Kmart will use the exit financing to fund its reorganized business. A syndication group of approximately 30 institutions is participating in the transaction. Kmart originally filed for bankruptcy protection on January 22, 2002.
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ATLANTA, GEORGIA (April 22, 2003) --- At a contract signing ceremony held recently in Shanghai, GE Network Solutions, a leading supplier of innovative technology solutions to the utilities industry, was awarded its largest Energy Management Services contract ever in China, by Shanghai Municipal Electric Power Company (SMEPC) in Shanghai.
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STAMFORD, Conn.--(BUSINESS WIRE)--April 22, 2003--GE Consumer Finance announced today that it has signed a seven-year extension of its agreement with Lowe's Companies, Inc., to continue to provide private label credit card services for the home improvement retailer's consumer and commercial customers.
We're thrilled to continue the 23-year relationship we've developed with the Lowe's team, said Mark Begor, President and Chief Executive Officer of GE Consumer Finance - Americas.