NORWALK, Conn.--Thursday, March 11, 2010-- GE Capital, Corporate Finance today announced it served as sole lender for a $70 million cash flow loan to Dearborn, Mich.-based EP Management Corporation, a diversified holding company of industrial and automotive product manufacturers. The loan will be used to refinance debt and recapitalize the company.
Pan-European Customers Implemented 47% of Identified Savings in 2009
BRUSSELS, 11th March 2010: GE Capital identified $102 million (€76 million) of total cost savings for its European fleet customers in 2009 by examining every element of the fleet mix, from contract extensions to CO2 emissions. The saving opportunities were created by GE Capital's Key Solutions team -- a fleet consultancy service focused on helping drive down the cost of running car fleets.
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EDEN PRAIRIE, Minn.--Monday, March 08, 2010-- GE Capital Fleet Services today announced the launch of its Truck Advisory Board (TAB). The TAB will provide the company's truck fleet customers with a forum for discussing process improvement ideas, suggesting new products, and sharing fleet management best practices.
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GE Capital Fleet Services wins prestigious Fleet News Award
GE Capital Fleet Services UK, the fleet management arm of GE Capital, today announced that it was named 'Leasing Company of the Year' at the 2010 Fleet News Awards, held at Grosvenor House in London's Park Lane on the 17th of March.
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In spite of last week's comments by the Government detailing more moves to encourage the rapid adoption of environmentally-friendly vehicle technology, the latest Company Car Trends report from GE Capital's Fleet Services business shows that only 2% of vehicles in the surveyed fleets are electric.
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NORWALK, Conn.--Monday, March 01, 2010-- GE Capital, Corporate Finance today announced it served as sole lender for an $85 million asset-backed term loan to U-Haul, North America's largest do-it-yourself moving and storage operator. The loan will be used to refinance an existing securitization facility.
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Chicago, IL---February 18, 2010--- GE Antares Capital, a unit of GE Capital, today announced it served as administrative agent for a $37 million senior secured credit facility to support the acquisition of Eatem Corporation by Linsalata Capital Partners.
Eatem Corporation, founded in 1983, develops and manufacturers proprietary flavor systems (i.e. food bases and savory flavor systems) that deliver the basic flavor profile for their customer's food products, which are primarily soups, sauces and gravies.