NEW YORK--(BUSINESS WIRE)--GE AES Greenhouse Gas Services, a joint venture between GE Energy Financial Services, a unit of GE (NYSE: GE), and The AES Corporation, announced today a rigorous and comprehensive standard for the creation and sale of its greenhouse gas credits in the United States. The standard will ensure that credits produced by the joint venture are scientifically verified and provide a positive, measurable environmental benefit. The standard was announced in New York and will back the first US credit card dedicated to helping reduce cardholders' greenhouse gas emissions.
ST. PAUL, Minn.--(BUSINESS WIRE)--GE Money's Sales Finance unit and the Electric & Gas Industries Association (EGIA), a non-profit organization dedicated to advancing energy efficiency and renewable energy solutions, recently announced a new multi-year relationship to provide revolving and installment consumer financing of residential solar systems through EGIA's GEOSmart Sustainable Financing Solutions loan program.
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Best of Breed JV's fuels GE Money's Growth
MALAGA, Spain--(BUSINESS WIRE)--GE Money, the global consumer lending division of General Electric Company (NYSE: GE), and Unicaja, Andalusia's leading financial institution, today signed a strategic alliance to create a joint venture in Spain. The newly created organisation will be a major consumer finance specialist in the Spanish market and the first consumer finance joint venture established in Andalusia. It will offer personal loans and credit cards which will be sold through Unicaja's distribution channels.
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--(BUSINESS WIRE)--On July 25, GE leaders and environmental influencers will come together in New York to launch the first credit card in the US with rewards dedicated to reducing cardholders' carbon emissions.
A distinguished panel will discuss the "greening" of consumer finances and the impact of the card on the environment.
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With its first equity investment in India, GE's transport solutions provider takes its first step to serve India's infrastructure needs
NEW DELHI, India & STAMFORD, Conn.--(BUSINESS WIRE)--GE Equipment Services, a global provider of financing, maintenance and asset intelligence services for transportation assets, and Titagarh Wagons Limited, a leading railway wagon manufacturer in India, today announced that they have formed a strategic relationship to advance the country's rail infrastructure.
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Hotelier Uses Nearly $75 Million from GE Capital Solutions, Franchise Finance for Three Acquisitions
SCOTTSDALE, Ariz.--(BUSINESS WIRE)--In an effort to build its portfolio and broaden its scope, Supertel Hospitality, Inc., has acquired 27 hotels through a three-part financing agreement with GE Capital Solutions, Franchise Finance.
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Credit Program Makes Planned and Unexpected Home Needs more Affordable
ST.PAUL, Minn.--(BUSINESS WIRE)--GE Money's Sales Finance unit has renewed its consumer finance agreement with American Residential Services LLC (ARS®), a leading provider of air conditioning, heating, and plumbing services under the brand names ARS®, and Rescue Rooter®. ARS and Rescue Rooter operate nearly 60 company-owned locations throughout the U.S.
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GLENDALE, Calif. & STAMFORD, Conn.--(BUSINESS WIRE)--GE Energy Financial Services, the energy investing unit of GE (NYSE:GE), is diversifying its renewable energy portfolio by increasing its investment in one of the largest landfill gas-to-energy projects in the United States. GE Energy Financial Services acquired a 90 percent interest in a limited partnership that operates the Scholl Canyon Landfill gas project in Glendale from Scholl Canyon Landfill Gas Corp., an affiliate of Palmer Capital Corp., which will continue to manage and direct the operations.
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CHICAGO--(BUSINESS WIRE)--GE Antares Capital today announced it served as administrative agent for a $113 million senior secured credit facility to support Industrial Growth Partner's acquisition of API Heat Transfer Holding Company. GE Capital Markets served as sole lead arranger and bookrunner.
The credit facility consisted of a $20 million senior secured revolving facility, and a $93 million senior secured term loan. Proceeds from the financing were used to partially fund the acquisition of API Heat Transfer and to provide for its working capital needs.