No change to GE or GE Capital total year outlook
NORWALK, Conn. -- September 26, 2014 -- GE Capital, the financial services division of GE (NYSE: GE), said today that it now expects the close of its GE Money Bank AB (Nordics) consumer finance business sale to Santander Consumer Finance S.A., announced on June 21, 2014, to be in the fourth quarter of 2014.
CHICAGO --- GE Antares, a unit of GE Capital, announced today it is serving as administrative agent on a senior secured credit facility to support the acquisition of The Cook & Boardman Group, LLC by Ridgemont Equity Partners. GE Capital Markets served as sole lead arranger and sole bookrunner on this facility.
SHANNON, Ireland, September 22, 2014 -- GE Capital Aviation Services Limited (GECAS), the commercial aircraft leasing arm of GE, today announced the completion of a purchase-and-leaseback transaction with Philippine Airlines involving two new Airbus A321 aircraft. The two aircraft -- one delivered in August, and the other earlier this month -- will be used to expand the airline's fleet.
Philippine Airlines, the flag carrier of the Philippines, operates a fleet of some 50 aircraft to more than 40 destinations.
GECAS News
Includes grants and leadership training to Salt Lake Community Action Program
SALT LAKE CITY, UT --- GE Capital Bank and the Salt Lake Community Action Program (SLCAP) are hosting a financial literacy seminar tonight for parents whose children are enrolled in the new Head Start South Salt Lake facility. In addition, GE Capital Bank is providing SLCAP with a grant for its Head Start out-of-school and early childhood development programs across Salt Lake County.
CHICAGO -- GE Capital, Commercial Distribution Finance (CDF) announced today it has significantly expanded its inventory financing program with MarineMax (NYSE: HZO), the nation's largest boat dealer, and extended its duration through 2017. The $235 million facility will allow the company to expand its stocking plans from leading manufacturers in the industry including Sea Ray, Boston Whaler and Azimut Yachts.
CHICAGO --- GE Antares, a unit of GE Capital, announced today it served as administrative agent on a $170 million U.S. credit facility and $10 million Canadian credit facility supporting the acquisition of Innovative XCessories & Services, LLC ("IXS") by Olympus Partners. GE Capital Markets served as joint lead arranger and joint bookrunner on these facilities.
London: 16 September 2014 -- GE's gay, lesbian, bisexual, transgender and ally alliance (GLBTA) brought together senior GE managers, employees and external diversity leaders for a discussion with Lord Browne of Madingley, author of The Glass Closet, chaired by GE Officer Ryan Zanin, Vice President & Chief Risk Officer -- GE Capital.
New Financing Source Available for CDK Global's Clients
HOFFMAN ESTATES, IL and IRVING, TX -- CDK Global, LLC., a subsidiary of ADP® and a leading global technology solutions provider dedicated to helping automotive retailers and manufacturers drive measurable results, announced today that it will offer a new, co-branded financing program for U.S. and Canada-based dealers with GE Capital's Equipment Finance business.
