CHICAGO--(BUSINESS WIRE)--GE Healthcare Financial Services has provided Life Care Centers of America (LCCA) -- one of the nation's leading operators of skilled nursing, assisted living, retirement, home care and Alzheimer's centers -- with first mortgage debt financing of $22 million.
This loan will enable LCCA to finance the acquisition of two skilled nursing facilities. Additionally, LCCA will use the loan to refinance an existing construction loan on a third facility.
CHICAGO--(BUSINESS WIRE)--GE Antares today announced it and its sister company, GE Capital Solutions Transportation Finance, are serving as administrative agents for a senior secured credit facility to support the acquisition of Gemini Traffic Sales Inc. ("Gemini" or the "Company") by Fenway Partners.
NORWALK, CT--- FEBRUARY 27, 2007 --- GE Commercial Finance -- Corporate Lending today announced it has provided a $71 million asset-based credit facility to Quantum Foods LLC, a leading beef processor and supplier for the food service industry. The loan will be used to refinance debt and for working capital needs.
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SCOTTSDALE, Ariz.--(BUSINESS WIRE)--GE Capital Solutions, the business-to-business leasing, financing and asset management unit of General Electric (NYSE: GE), today finalized its acquisition of Trustreet Properties for $17.05 per share of common stock, or approximately $3 billion. Trustreet Properties is now part of Scottsdale, Ariz., -based GE Capital Solutions, Franchise Finance. This significantly expands financial services offerings in the restaurant industry for GE.
NORWALK, Conn.--(BUSINESS WIRE)--GE Commercial Finance -- Global Media & Communications today announced that it has expanded its presence in the enthusiast publishing market by providing financing to Intermedia Outdoor, Inc. to support the acquisition of PRIMEDIA Outdoors, a leading media resource to outdoor lifestyle, hunting, fishing and shooting enthusiasts.
The GE business unit acted as joint lead arranger and joint bookrunner for the $130.5 million credit facility, which closed on January 31, 2007.
NORWALK, Conn.--(BUSINESS WIRE)--GE Commercial Finance -- Global Media & Communications today announced that it has expanded its presence in the enthusiast publishing market by providing financing to Intermedia Outdoor, Inc. to support the acquisition of PRIMEDIA Outdoors, a leading media resource to outdoor lifestyle, hunting, fishing and shooting enthusiasts.
The GE business unit acted as joint lead arranger and joint bookrunner for the $130.5 million credit facility, which closed on January 31, 2007.
KETTERING, Ohio--(BUSINESS WIRE)--GE Money's Sales Finance unit and Mohawk Industries, one of the nation's leading flooring and carpet manufacturers, have announced the signing of a new multi-year agreement to extend the Mohawk Consumer Finance Program for flooring retailers across the country.
The program was introduced in 1995 and is available through more than 4,000 flooring retailers nationwide today.
ST. PAUL, Minn.--(BUSINESS WIRE)--Hard-working tractors like KIOTI need a hard-working financing program. That's why Daedong-USA selected GE Money's Sales Finance unit as its new consumer finance partner.
Under the five-year agreement, GE Money will support the new KIOTI Finance program through more than 300 dealers nationwide. Effective this month, approved customers can finance a new KIOTI tractor using the KIOTI private label credit card or with an installment loan backed by GE Money.
SCOTTSDALE, Ariz.--(BUSINESS WIRE)--GE Capital Solutions, Franchise Finance recently co-led the financing for the Catterton Partners and Oak Investment Group acquisition of Cheddar's Casual Café. The deal facilitated the sale from Dallas-based Brazos Private Equity Partners, LLC in August 2006, and was followed by the first and second in a series of sale-leaseback transactions. Subsequent sale-leasebacks are expected to fund in February and March.
