NORWALK, Conn.--(BUSINESS WIRE)--Sept. 13, 2004--GE Commercial Finance's Global Media & Communications business announced that it has arranged $95 million in senior secured financing for International Media Group, Inc. (IMG), a leading television broadcasting company targeting the Asian and Asian-American communities. The transaction closed September 9.
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WILKES-BARRE, Pa.--September 10, 2004--Southern Union Company ("Southern Union" or the "Company") (NYSE:SUG) announced today that the U.S. Bankruptcy Court for the Southern District of New York (the "Court") issued a Final Sale Order approving the Purchase Agreement, as amended, between CCE Holdings, LLC ("CCE Holdings"), a joint venture of Southern Union and GE Commercial Finance's Energy Financial Services, and Enron Corp. and its affiliates (collectively "Enron") to acquire 100% of the equity interests of CrossCountry Energy, LLC ("CrossCountry").
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OVERLAND PARK, Kan.--Sept. 9, 2004--Summit Reinsurance Services Inc. and GE Insurance Solutions today announced the appointment of Deborah Stubbs to Managed Care Specialist.
Stubbs joins Summit Re from Kaiser Permanente of the mid-Atlantic states where she served as manager for training and education for the utilization management department.
Prior to that position she was a senior manager, responsible for utilization review and case management services for the Washington, D.C./suburban Maryland service area (225,000 members).
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NORWALK, Conn.--(BUSINESS WIRE)--Aug. 25, 2004--GE Commercial Finance's Global Media & Communications business announced that it has co-arranged $197 million in senior secured financing for Inner City Broadcast Holdings, Inc., the leading radio broadcasting company focused on the African-American community. The transaction closed on August 13.
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OVERLAND PARK, Kan.--Aug. 23, 2004--GE's Employers Reinsurance Corporation (GE ERC)(NYSE:GE) today announced that Tim Brophy, Joseph Cook and Paul Giacobbe have joined the company as Sales Executives for its Americas Direct property & casualty reinsurance unit. They will report to Jeffrey Archer, who heads the company's Americas Direct treaty origination team.
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SALT LAKE CITY--(BUSINESS WIRE)--Aug. 20, 2004--GE Corporate Payment Services' SAM(TM) System Supports Sophisticated Accounting Needs Drawing on more than 12 years of experience serving some of the world's largest and most demanding commercial card customers, GE Corporate Payment Services has released a new advanced reporting system.
The SAM(TM) system - short for Strategic Account Management - supports the real-time management of purchasing, travel and other corporate card and e-settlement programs.
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NORWALK, Conn.--(BUSINESS WIRE)--Aug. 19, 2004--GE Commercial Finance Global Media & Communications announced today that it was named syndication agent for a $135 million senior debt facility for Wallace Theaters, a leading movie theater exhibitor. The facility closed August 9.
Based in Portland, Ore., Wallace Theaters manages 54 movie theaters representing more than 450 screens and operates in 12 states and the Pacific Rim.
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CHARLOTTE, N.C.--(BUSINESS WIRE)--Aug. 19, 2004--GE Commercial Finance Business Credit today announced that it has named Eric R. Gill as vice president of origination. Mr. Gill will be based in Charlotte, N.C., a new office for Business Credit, and will be responsible for the North Carolina, South Carolina, Virginia and District of Columbia markets. He will originate asset based credit facilities of $30 million and less by continuing to develop business relationships with middle market companies and financial intermediaries throughout the mid-Atlantic market.
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NORWALK, Conn.--(BUSINESS WIRE)--Aug. 18, 2004--GE Commercial Finance, through its Business Credit unit, has provided Brook Furniture Rental with a $25 million credit facility. The company will use the financing for working capital. With headquarters in Lake Forest, IL, Brook is a leading furniture rental service company providing premier rentals for residential, commercial and convention purposes.
About GE Commercial Finance Business Credit
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