NORWALK, Conn.--(BUSINESS WIRE)--Jan. 12, 2005--GE Commercial Finance Business Credit announced that it has arranged a $14.9 million credit facility for American Aluminum Extrusion LLC and American Aluminum Extrusions of Ohio LLC.
American Aluminum Extrusion LLC, based in Beloit, Wisc., and American Aluminum Extrusions of Ohio LLC, based in Canton, produce standard and custom aluminum extrusions for the transportation, machinery and equipment, building and construction and other industries (www. americanaluminum.com).
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NORWALK, Conn.--(BUSINESS WIRE)--Jan. 11, 2005--GE Commercial Finance Global Sponsor Finance announced that it has arranged a $41 million senior secured credit facility for JJI Lighting Group, Inc. The transaction closed on December 29, 2004.
GE Commercial Finance will serve as Administrative Agent for a syndicate of lenders arranged by GECC Capital Markets Group, Inc.
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NORWALK, Conn.--(BUSINESS WIRE)--Jan. 10, 2005--GE Commercial Finance Global Media & Communications announced today that it will serve as administrative agent for a $95 million senior debt facility for Otelco Inc., a leading rural local exchange carrier (RLEC). The facility closed on December 21, 2004.
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NORWALK, Conn.--(BUSINESS WIRE)--Jan. 10, 2005--GE Commercial Finance Technology Lending, a unit of Global Media & Communications, announced that it has named Ryan Franco as senior vice president, origination. In this capacity, he will develop and originate transactions for companies within Technology Lending's marketplace, including communications, electronics, energy, hardware, information technology, logistics, semiconductors, software, and supply chain management.
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NORWALK, Conn.--(BUSINESS WIRE)--Jan. 4, 2005--GE Commercial Finance Business Credit announced that it has arranged a $25 million revolving credit facility for Calpaco Papers, Inc. The facility and an associated $750,000 term loan were arranged by Business Credit and will be used to refinance existing debt. The transaction closed on December 17.
Based in Mira Loma, Calif., Calpaco Papers is a wholesaler and converter of fine printing paper.
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KANSAS CITY, Mo.--Jan. 4, 2005--GE Insurance Solutions recently celebrated the one-year anniversary of its Masonic Association insurance program.
Since the program's inception in January 2004, the program has provided broad insurance coverage for more than 4,200 Masonic Associations generating over $10 million in gross written premium, exceeding the company's expectations.
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NORWALK, Conn.--(BUSINESS WIRE)--Dec. 14, 2004--GE Commercial Finance Technology Lending, a unit of Global Media & Communications, announced that it has arranged $5 million in senior secured financing for Aspen Aerogels, Inc. The financing consists of a $4 million term loan and $1 million revolving loan facility, and the funding will be used as growth capital. The transaction closed on October 21, 2004.
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STAMFORD, Conn.--(BUSINESS WIRE)--Dec. 13, 2004--GE Commercial Finance Energy Financial Services is accelerating its growth strategy of arranging and intermediating energy debt. To pursue this effort, Don Kyle, a veteran capital markets and energy finance expert has joined the business' Debt Products unit as Managing Director and Capital Markets Leader.
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