NORWALK, Conn.--(BUSINESS WIRE)--May 3, 2004--GE Commercial Finance's Global Media & Communications unit arranged a $70 million senior debt facility to fund the acquisition of newspaper assets for the formation of a new company, Heartland Publications LLC, by Wachovia Capital Partners and the Wicks Group of Companies. GE Commercial Finance will hold $30 million of the facility, which closed on April 30.
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NORWALK, Conn.--(BUSINESS WIRE)--April 26, 2004--GE Commercial Finance's Global Media & Communications unit has provided a $25 million senior debt facility to Randall Publishing Co., Tuscaloosa, Alabama. GE Commercial Finance is the sole provider of the facility, which Randall will use for growth capital and to refinance existing debt.
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GE Consumer Finance to Acquire WMC Finance Co.
STAMFORD, Conn.--(BUSINESS WIRE)--April 20, 2004--GE Consumer
Finance, the consumer lending unit of General Electric Company
(NYSE:GE), today announced it plans to acquire WMC Finance Co. Terms
were not disclosed.
The transaction, which is subject to regulatory approval, is
anticipated to close in the third quarter of 2004 and will expand GE's
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NORWALK, Conn.--(BUSINESS WIRE)--April 15, 2004--GE Commercial Finance Global Media & Communications announced that it has named Peter J. Foley as Managing Director and Head of Origination. He previously served as Managing Director of the Global Media & Communications/Structured Finance group.
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AVON, Conn.--(BUSINESS WIRE)--April 13, 2004--GE Global Asset Protection Services (GE GAP Services) today announced a significant milestone in the company's history. This month marks the 100th continuous year that GE GAP Services has served as The Procter & Gamble Company's property loss prevention provider.
The announcement was made just prior to the opening of the RIMS 2004 Annual Conference & Exhibition in San Diego.
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AVON, Conn.--(BUSINESS WIRE)--April 13, 2004--GE Global Asset Protection Services (GE GAP Services) (NYSE:GE) today announced the launch of a new tool to help risk managers get the most from their loss prevention dollars.
Recommendation Response helps risk managers easily prioritize and communicate their recommendations to plant managers, insurance brokers, and underwriters.
The announcement comes as risk managers gather for the RIMS 2004 Annual Conference and Exhibition in San Diego.
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STAMFORD, Conn.--(BUSINESS WIRE)--March 31, 2004--GE Commercial Finance, the business-to-business financial services unit of General Electric (NYSE: GE), announced today that it has completed the acquisition of certain assets and liabilities from IKON Office Solutions (NYSE: IKN), including a $1.9B leasing portfolio in the U.S. In addition, GE and IKON have entered into a Program Agreement whereby GE will fund and service future lease originations of IKON in the U.S.
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OVERLAND PARK, Kan.--Feb. 25, 2004--GE ERC today announced three key appointments aimed at strengthening its connection with customers.
GE's Employers Reinsurance Corporation (NYSE: GE) is a company that protects lives, property and reputations. ERC serves clients with reinsurance and commercial insurance and other risk management services.
More information on ERC is available at www.ercgroup.com.