NORWALK, Conn.--(BUSINESS WIRE)--April 19, 2006--GE Commercial Finance today announced the expansion of its Corporate Lending business, providing middle market and larger corporate customers a broader suite of financial solutions. As part of today's announcement, the company formally introduced Tom Quindlen as President and CEO and Jim Kelly as General Manager of North America.
NORWALK, Conn.--(BUSINESS WIRE)--April 19, 2006--GE Commercial Finance - Technology Lending, a unit of Global Media & Communications, today announced that it has provided a credit facility totaling $1.5 million for Syntricity Inc., a San Diego-based provider of enterprise yield management software for the semiconductor industry.
The proceeds from the credit facility will be used to help the company manage its rapid growth as it continues to be the preferred solution provider to leading companies within the semiconductor manufacturing space.
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NORWALK, Conn.--(BUSINESS WIRE)--April 19, 2006--GE Commercial Finance today announced the expansion of its Corporate Lending business, providing middle market and larger corporate customers a broader suite of financial solutions. As part of today's announcement, the company formally introduced Tom Quindlen as President and CEO and Jim Kelly as General Manager of North America.
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NORWALK, Conn.--(BUSINESS WIRE)--April 18, 2006--GE Commercial Finance - Global Media & Communications today announced that it has closed a deal to provide senior financing to SV Investment Partners ("SV"), and that its affiliate, GE Capital Markets, has arranged mezzanine financing for SV as part of SV's acquisition of Pennysaver Group, Inc., a leading publisher of freely distributed shopper magazines. With GE's financial backing, SV is acquiring Pennysaver from Seaport Capital. The deal closed on Wednesday, April 5, 2006.
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NORWALK, Conn.--(BUSINESS WIRE)--April 18, 2006--Showing its continued commitment to cleaner technology, GE's Technology Lending unit announced today that it is providing capital to Ocean Power Delivery, Ltd. (OPD), developer of the world's first commercial facility that will generate electricity from offshore ocean waves. The transaction, made in conjunction with GE Energy Financial Services, extends a loan facility of $2.6 million (GBP 1.5 million) to UK-based OPD.
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NORWALK, Conn.--(BUSINESS WIRE)--April 18, 2006--GE Commercial Finance - Global Media & Communications today announced that it has closed a deal to provide senior financing to SV Investment Partners ("SV"), and that its affiliate, GE Capital Markets, has arranged mezzanine financing for SV as part of SV's acquisition of Pennysaver Group, Inc., a leading publisher of freely distributed shopper magazines. With GE's financial backing, SV is acquiring Pennysaver from Seaport Capital. The deal closed on Wednesday, April 5, 2006.
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NORWALK, Conn.--(BUSINESS WIRE)--April 18, 2006--Showing its continued commitment to cleaner technology, GE's Technology Lending unit announced today that it is providing capital to Ocean Power Delivery, Ltd. (OPD), developer of the world's first commercial facility that will generate electricity from offshore ocean waves. The transaction, made in conjunction with GE Energy Financial Services, extends a loan facility of $2.6 million (GBP 1.5 million) to UK-based OPD.
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KANSAS CITY, Mo.--(BUSINESS WIRE)--April 17, 2006--Insurance carriers and producers face a myriad of new regulations regarding how they're compensated for their services and how they disclose that compensation. GE Insurance Solutions has developed guidance on current trends in producer disclosure requirements.
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ST. PAUL, Minn.--(BUSINESS WIRE)--April 12, 2006--GE Consumer Finance's Retail Sales Finance unit today announced a five-year agreement with Craft-Bilt Manufacturing to provide a new consumer credit program that will enable customers to finance sunrooms and awnings. The new Betterliving program includes revolving credit and installment lending options, which will be available beginning April 15, 2006, through 47 Betterliving dealerships nationwide.