NORWALK, Conn.--25 February 2011-- GE Capital today announced it is administrative agent for a $150 million asset-based credit facility for Tourneau, the world's largest retailer of fine watches. The financing will be used for working capital purposes. GE Capital Markets served as sole lead arranger of the facility.
SHANNON, Ireland, February 25, 2011 -- GE Capital Aviation Services Limited (GECAS), the commercial aircraft leasing and financing unit of GE, announced the delivery of a new Airbus A320 to Air Berlin as part of a purchase and leaseback transaction.
Air Berlin, the third-largest low-cost airline in Europe, operates a fleet of 170 aircraft to more than 168 destinations in 40 countries.
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GE welcomes the Government's announcement today that a carbon price will be introduced on 1st July 2012.
Steve Sargent, President and CEO, GE Australia and New Zealand said: "We have long been an advocate of a price
on carbon as a means to affect real change in the way Australia tackles carbon emissions and the threat of climate
change."
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Manufacturers and dealers focus on inventory mix and smart growth
Hoffman Estates, IL -- After navigating through rough waters for several years, the marine industry is beginning to push forward on the throttle, according to survey results released today by GE Capital, Commercial Distribution Finance (CDF) from the Miami International Boat Show. More than one-third of respondents (38%) expect sales to increase up to five percent in 2011, and 54% said that the best time for dealers to increase inventory levels is now.
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CDF increases its floor plan financing and working capital credit facilities for technology solutions provider Nexus IS
Hoffman Estates, IL, Feb. 18, 2011 ― GE Capital's Commercial Distribution Finance (CDF) business today announced an increase to $80 million in the floor plan financing and working capital credit facilities for technology solutions provider Nexus IS.
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NORWALK, Conn.--18 February 2011-- GE Capital, Restructuring Finance today announced it provided a $505 million debtor-in-possession (DIP) credit facility to Borders Group, Inc., a specialty book retailer. The financing will be used by Borders for working capital as the company reorganizes under Chapter 11. GE Capital, Restructuring Finance is serving as the administrative agent and GE Capital Markets is serving as the sole lead arranger.
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NORWALK, CT-- February 18, 2011 --- GE Capital, Restructuring Finance today announced it provided a $505 million debtor-in-possession (DIP) credit facility to Borders Group, Inc., a specialty book retailer. The financing will be used by Borders for working capital as the company reorganizes under Chapter 11. GE Capital, Restructuring Finance is serving as the administrative agent and GE Capital Markets is serving as the sole lead arranger.
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Eden Prairie, Minn.- February 17, 2011- GE Capital Fleet Services today announced that it will provide its telematics-based Mobile Resource IntelligenceSM program to Ewing Irrigation Products, a leading provider of water management, irrigation and landscaping solutions.
Ewing is deploying GE's Monitor solution, which is an integrated online mapping and reporting solution for fleet and operations leaders.
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Sao Paulo, Brazil, February 16, 2011 -- GE Capital Aviation Services Limited (GECAS), the commercial aircraft leasing and financing unit of GE, announced two new transactions with AVIANCA TACA involving 16 Airbus aircraft.
GECAS signed a purchase and leaseback transaction for two new Airbus A330-200s and four new Airbus A320s. The aircraft are part of AVIANCA TACA's existing order book with Airbus. Two of the A320s will be operated by Taca, the remainder will be operated by Avianca. Additionally, GECAS has leased 10 Airbus A318s to Avianca.
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Funding allows for new store developments and refinancing of existing debt
SCOTTSDALE, Ariz.--15 February 2011-- GE Capital, Franchise Finance provides $5.8 million in financing to Dunkin' Donuts franchisee, First Cup, LLC. The facility includes a $4.1 million term loan and a $1.7 million development line of credit, which together will refinance existing debt and provide capital for restaurant expansion. Funding was provided through GE Capital, Franchise Finance's bank affiliate, GE Capital Financial Inc.