GE Money is exclusive credit partner for Gap Inc. and all its retail brands.
STAMFORD, Conn.--(BUSINESS WIRE)--Furthering its growth strategy, GE Money, the consumer lending unit of General Electric Company (NYSE:GE), and Gap Inc. today announced that they will offer a Visa credit card to customers of Gap, Banana Republic, and Old Navy. GE Money also will continue to provide private label credit card programs for Gap Inc. through 2013.
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NORWALK, Conn.--(BUSINESS WIRE)--GE Commercial Finance Corporate Lending today announced the appointment of David Gozdecki as a managing director of the restructuring finance team, providing turnaround and restructuring finance to midsize and larger companies in the Midwest U.S. and Canada.
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CHICAGO--(BUSINESS WIRE)--GE Antares Capital today announced it served as administrative agent for a $101 million senior secured credit facility in the recapitalization of NEPTCO Incorporated, a portfolio company of Cornerstone Equity Investors and Nautic Partners. GE Capital Markets served as sole lead arranger and bookrunner.
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CHICAGO--(BUSINESS WIRE)--GE Healthcare Financial Services announced today it closed a $1.3 billion senior secured credit facility for Inverness Medical Innovations, Inc. (AMEX:IMA) to support the acquisition of Biosite Incorporated (Nasdaq:BSTE). GE Healthcare Financial Services serves as Administrative Agent for the facility. GE Capital Markets and UBS Investment Bank were Joint Lead Arrangers for the facility.
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NORWALK, Conn.--(BUSINESS WIRE)--GE Commercial Finance Corporate Lending today announced it has led $145 million in credit facilities for Danka Business Systems (NASDAQ: DANKY), an independent leading provider of office system solutions. GE Corporate Lending provided a $100 million cash flow credit facility and GE Capital Markets served as lead arranger on a $45 million senior secured credit facility. Danka will use the loan for recapitalization purposes and to support ongoing working capital needs.
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ESSEX & STAMFORD, Conn.--(BUSINESS WIRE)--GE Energy Financial Services, a unit of GE (NYSE: GE), will help boost wind energy capacity in New York State by more than 70 percent with an investment in three Noble Environmental Power windparks that will generate 282 megawatts in Clinton and Wyoming Counties. The GE unit's first investment in wind energy in New York State will increase the state's wind energy capacity to 671 megawatts.
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Megumi Ikeda hired for Peacock Equity Fund's European Arm
NEW YORK--(BUSINESS WIRE)--GE Commercial Finance's Media, Communications & Entertainment business and NBC Universal today announce the appointment of Thomas M. Byrne, 40, as Managing Director to lead the $250 million newly branded "Peacock Equity Fund". Megumi Ikeda, 37, has also been named as Executive Director, based in London, reporting to Byrne.