NORWALK, CT -- December 16, 2013 -- GE Capital, Corporate Retail Finance today announced it is administrative agent on a $250 million senior revolving credit facility for Dunham's Athleisure Corporation, a leading sporting goods retailer. The proceeds will support ongoing working capital needs and new store growth.
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SINGAPORE, December 19, 2013 -- GE Capital Aviation Services Limited (GECAS), the commercial aircraft leasing and financing arm of GE, today announced it signed a lease agreement with South Korean low-cost carrier Jeju Air for two Boeing 737-800 aircraft. The aircraft are scheduled for delivery in 2014 to expand the carrier's fleet.
Jejuair currently operates 13 Boeing 737-800s, its first delivered in 2008. It maintains three domestic routes and 15 international routes. Jeju Air has seen 30 percent annual passenger growth the last three years.
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CHICAGO, IL --- The popularity of recreational vehicles (RV) grew significantly in 2013, leading RV dealers to look hopefully toward the new year, according to survey results released today by GE Capital's Commercial Distribution Finance (CDF) business.
One-third of survey respondents said they expect sales to rise 10 percent to 15 percent next year, and an additional 37 percent expect RV sales to grow 5 percent to 10 percent. No respondents expect declining sales in 2014.
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CHICAGO, IL --- La popularité des véhicules récréatifs (VR) a augmenté considérablement en 2013, et les détaillants de VR entrevoient la nouvelle année avec optimisme, selon les résultats d'un sondage publiés aujourd'hui par la division Financement commercial aux détaillants (CDF) de GE Capital.
Le tiers des répondants a affirmé attendre une augmentation des ventes de 10 à 15 pour cent l'année prochaine, et 37 autres pour cent prévoient que les ventes de VR augmenteront de 5 à 10 pour cent. Aucun répondant ne prévoit de baisse des ventes en 2014.
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Available to commercial buyers through 180+ U.S. dealerships
IRVING, TX --- GE Capital, Equipment Finance has signed an agreement to provide retail financing to commercial buyers of Cushman® utility vehicles. Based in Augusta, GA, Cushman manufactures and sells a wide range of vehicles through its network of more than 180 dealerships across the U.S. Cushman vehicles are manufactured by the E-Z-GO Division of Textron Inc.
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NORWALK, CT -- Dec. 10, 2013 -- GE Capital, Corporate Retail Finance today announced it is serving as administrative and collateral agent on a $585 million senior secured credit facility for RadioShack Corporation (NYSE: RSH), a leading electronics retailer. The facility was provided alongside an additional $250 million secured term loan facility arranged by Salus Capital Partners, LLC.
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Partnership formed by Nunatsiavut Group, Tasiujatsoak Trust and CAPE Fund
MONTREAL (QC) --- GE Capital today announced that it is providing a $10 million senior credit facility to a group of investors to purchase and operate Universal Helicopters Newfoundland and Labrador ("UHNL"), a regional helicopter services company. The new owners, through a limited partnership formed by Nunatsiavut Group of Companies, Tasiujatsoak Trust and CAPE Fund LP, are acquiring UNHL from its majority shareholder, Harry R. Steele, and minority shareholder, Norman Noseworthy.
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GE Capital rolling out enhanced digital tools to address site selection issues
SCOTTSDALE, AZ --- Restaurant franchise owners looking to grow their portfolios say that obtaining quality data is their biggest problem when looking for new sites, according to a recent survey by GE Capital, Franchise Finance (GEFF), a leading provider of financing to restaurant owners.