SEOUL, Korea--(BUSINESS WIRE)--GE Healthcare Financial Services has provided a $10 million Sale and Leaseback financing to Catholic Medical Center (CMC), the largest hospital chain in Korea. The Seoul, Korea--based company will use the financing to lease back various equipment, including electronics, medical equipment and furniture for their new hospital and cancer center.
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HOFFMAN ESTATES, ILL.--(BUSINESS WIRE)--GE Capital Solutions, Commercial Distribution Finance (CDF) announced that it signed an agreement with IPLogic, Inc to become its new financing provider. The agreement consists of a $7 million credit line with an extended working capital option and the benefit of an additional 30 days.
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CHICAGO--(BUSINESS WIRE)--GE Healthcare Financial Services has provided a $3 million Senior Secured Credit Facility to Codon Devices, the Constructive Biology™ Company---a privately-held biotechnology firm delivering products and platform solutions based on synthetic biology to the chemical industry. The financing will be used for growth and other working capital needs.
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GE Money Home Lending, one of the UK's leading specialist lenders, has appointed Ian Ferguson as its new Chief Operating Officer (COO), reporting to Colin Shave, CEO, GE Money Home Lending.
Ian has a wealth of industry experience, joining GE Money from Kensington Mortgages Ltd where he held the position of Chief Operating Officer. Prior to Kensington Ian held a number of senior industry positions, including Director for Corporate Planning and Delivery at Zurich Financial Services and Director of Mortgage Operations at Bradford and Bingley.
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NORWALK, Conn.--(BUSINESS WIRE)--Unitranche Fund LLC today announced the closing of a $148 million unitranche debt financing to support the acquisition of ArrMaz Custom Chemicals, Inc. by Snow Phipps Group, LLC. GE Antares Capital provided a $20 million revolver to the company. Founded in 1976, ArrMaz is a leading producer of chemical process aids and functional additives for the fertilizer, phosphate mining, asphalt, and nitrogen chemical industries.
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NORWALK, Conn.--(BUSINESS WIRE)--GE Commercial Finance Corporate Lending today announced it led a $110 million plan of reorganization credit facility for DURA Automotive Systems Inc., a leading auto parts supplier. The financing will be used to complete the company's reorganization as it emerges from bankruptcy. GE Capital Markets arranged the transaction. In 2006, GE also provided the company with a $115 million debtor-in-possession credit facility to support the company's Chapter 11 filing.
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NORWALK, Conn.--(BUSINESS WIRE)--GE Commercial Finance Corporate Lending today announced it provided a $125 million plan of reorganization credit facility to Hilex-Poly, a manufacturer of plastic bag and film products, on July 9, 2008. The financing was used to refinance the company's debtor-in-possession (DIP) financing upon the company's emergence from a pre-packaged Chapter 11 bankruptcy. In May, GE also provided the company with a $140 million DIP credit facility to support the company's pre-packaged Chapter 11 filing. GE Capital Markets arranged both transactions
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GE Capital Solutions Fleet Services launches its all-new my.FleetOffice in celebration of 11 years providing innovative online fleet management tools to customers. With a new name, new look, new navigation, and new functionality, customers now have even more management options in one place. The new design is organized by drivers, vehicles, reports and includes multi-language access.