NORWALK, Conn.--07 June 2010-- GE Capital, Corporate Finance today announced it is sole lender for a $75 million asset-based credit facility to Insteel Industries, Inc., a leading manufacturer of steel wire reinforcing products. The loan replaces an existing credit facility from GE and will be used to fund Insteel's working capital, capital expenditure, general corporate and growth requirements.
GE Capital UK announced today that 100% of employees with a company mobile phone, driving on company business have opted into a driver declaration not use their phone while behind the wheel. This recommendation includes the use of speaker phone, installed hands free kits/GSM and Bluetooth devices
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* Majority (91%) of UK SMEs expect growth to come from domestic sales not overseas business
* Fewer than one in ten UK SMEs see international expansion as a top priority
Despite expectations that the pound will remain weak against the US dollar and Euro for the foreseeable future, small and medium-sized enterprises in the UK are failing to take advantage of the current favourable export environment, according to a study released today by GE Capital.
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Funding allows multi-unit development throughout the Southeast
SCOTTSDALE, Ariz.--Tuesday, May 25, 2010-- GE Capital, Franchise Finance provided $19.35 million in financing to Tappan Street Restaurant Group, Inc., owners of Taco Mac, based in Atlanta. The financing included a $13.35 million term loan to refinance general operating debt and a $6 million revolver for new-unit development. Funding was provided through GE Capital, Franchise Finance's bank affiliate, GE Capital Financial Inc.
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KING CITY, CA, Thursday, May 20, 2010-- GE Energy Financial Services -- a unit of GE (NYSE: GE) -- announced today it is expanding its 26-gigawatt power portfolio by buying the King City cogeneration power plant in California's Salinas Valley for $68 million. Calpine Corporation (NYSE: CPN), based in Houston, has leased, operated and maintained the plant since 1996 and will continue to do so under GE's ownership.
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GE Capital France signe un accord avec le groupe RBS pour l'acquisition de 100% de RBS Factor France
Paris, le 19 mai, 2010. GE Capital, une division du Groupe GE spécialisée dans les solutions de financement aux entreprises, véritable alternative pour le financement des entreprises, a signé aujourd'hui un accord avec le groupe Royal Bank of Scotland pour l'acquisition de 100% du capital de RBS Factor France. Le montant de cette transaction est confidentiel.