NORWALK, Conn.--(BUSINESS WIRE)--GE Commercial Finance's Media, Communications & Entertainment business today announced it has provided a $250 million senior secured credit facility to Lightower, a new entity formed by management, M/C Venture Partners and Wachovia Capital Partners to acquire the communications assets of National Grid Wireless U.S. from National Grid plc. GE -- Media, Communications & Entertainment is the administrative agent and GE Capital Markets acted as sole bookrunner and sole lead arranger for the facility. National Grid Wireless U.S.
ISSFA Member Fabricators Provide Revolving and Installment Credit
ST PAUL, Minn.--(BUSINESS WIRE)--GE Money's Sales Finance unit and International Solid Surface Fabricators Association (ISSFA), a non-profit trade association for solid surface and quartz fabricators, today announced a new five-year relationship to provide private label revolving and installment credit options through GE's PROJECTLINESM and PROJECTLOANSM programs.
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LONDON--(BUSINESS WIRE)--A new study comparing lifestyles and attitudes today with those of 30 years ago by GE Money Home Lending (UK) & The Future Foundation reveals the impact of a shift in social priorities in the UK, as today's twentysomethings refuse to conform to traditional family life and community, instead opting for independence, lifestyle and experience ...
Social and economic change drives a 26% increase in average age of First Time Buyer over past four decades - from 27 in 1977 to 34 in 2007
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Installment and Revolving Credit Programs Introduced via EP Henry Authorized Hardscaping Contractor® and Distributor Network
ST PAUL, Minn.--(BUSINESS WIRE)--
GE Money's Sales Finance unit and EP Henry, the leading independently-owned manufacturer of unit concrete products in the U.S., announced a three-year agreement to provide financing through GE's PROJECTLINESM and PROJECTLOANSM programs.
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Financing Package Supports Rapid Growth
SCOTTSDALE, Ariz.--(BUSINESS WIRE)--To jump-start its business, VIVID Restaurant Concepts is taking advantage of the different finance opportunities in the market by blending capital from a private equity firm with two types of financing totaling nearly $11 million from GE Capital Solutions, Franchise Finance.
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CHICAGO--(BUSINESS WIRE)--GE Antares Capital today announced it closed a transaction as administrative agent for a $145 million senior credit facility. The financing supports a dividend recapitalization and the acquisition of Design Packaging, Inc. by Tharco Containers, Inc., a portfolio company of Tricor Pacific Capital. GE Capital Markets served as sole lead arranger and sole bookrunner. The transaction was fully syndicated and oversubscribed.
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Acquisition To Accelerate GE Money's Growth into a Top 5 Bank in Poland
WARSAW, Poland--(BUSINESS WIRE)--GE Money, the global consumer lending unit of General Electric (NYSE: GE) announces that it has today signed an agreement with UniCredit regarding the acquisition, by GE Money, of Bank BPH, which will be completed following the completion of the spin-off of a portion of Bank BPH's business to Bank Pekao (referred to hereafter as "New BPH").
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Co-branded credit card launched
LONDON--(BUSINESS WIRE)--GE Money, the global consumer lending unit of GE and Ryanair today announced that they have signed a deal which will see GE Money provide co-branded credit cards for Europe's largest low fares airline, across a number of European Markets.
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Portfolio Allows Lender to Grow Its Asset Base
SCOTTSDALE, Ariz.--(BUSINESS WIRE)--As part of its business growth strategy, GE Capital Solutions, Franchise Finance has purchased $13.3 million in restaurant loans from Citicorp Leasing Inc. The portfolio represents three borrower groups and 24 loans.
Through its strong and established relationship, GE Capital Solutions, Franchise Finance and Citicorp Leasing Inc. worked closely together to quickly assess the value of this portfolio and close this deal.