Honorees to receive awards during CIO 100 Symposium & Awards Ceremony
NORWALK, CT, JUNE 3, 2014 --- IDG's CIO magazine announced that GE Capital (NYSE: GE) received two notable CIO 100 awards for its innovative programs and solutions that help customers across the globe achieve their business goals in 2014.
NORWALK, CT -- GE Capital, Corporate Finance today announced it is the administrative agent and sole lender on a $60 million senior credit facility for Consolidated Systems Incorporated (CSi). CSi produces metal products for use in the commercial construction industry and for original equipment manufacturers (OEMs). The financing will be used for working capital and general business needs.
Scott Rowland has been named managing director of GE Capital Real Estate - Canada. He assumes management of the company's growing Canadian lending business with a mandate to expand GE's presence in the real estate lending market. Scott brings 18 years of financial experience and business leadership to the role.
Supports Forty-Five U.S. and Canadian Boat Brands; Extends Through 2017
CHICAGO, IL --- GE Capital's Commercial Distribution Finance (CDF) business announced today it has extended its strategic floorplan financing agreement with Independent Boat Builders, Inc. (IBBI), a major boat manufacturer buying group, in the U.S. and Canada. The program covers 24 manufacturers that sell 45 brands. Established in 1989, IBBI, based in Benton, IL, is the largest cooperative buying group in the U.S. and Canada, with IBBI manufacturers selling more boats in those countries than any other entity.
SHANNON, Ireland, May 30, 2014 -- GE Capital Aviation Services Limited (GECAS), the commercial aircraft leasing arm of GE, today announced that its engine leasing unit completed a purchase-and-leaseback transaction with Aerovías De Mexico S.A.de C.V., (Aeromexico), for a new GEnx engine. The engine will be used as a spare to support the airline's Boeing 787 fleet.
SCOTTSDALE, AZ, MAY 29, 2014 --- GE Capital's Franchise Finance business announced today that it has provided $31 million to United Restaurant Group, LP (URG) in a combined sale-leaseback and refinancing. GE Capital served as administrative agent and GE Capital Markets served as sole lead arranger and bookrunner on the senior debt facility.
SHANNON, Ireland, May 29, 2014 -- GE Capital Aviation Services Limited (GECAS), the commercial aircraft leasing arm of GE, today announced delivery of a new Embraer E190LR aircraft to Montenegro Airlines to expand the carrier's fleet. The aircraft is from GECAS' existing order book with Embraer.
Montenegro Airlines currently operates a fleet of nine aircraft to destinations in Europe.
GECAS News
