BETHESDA, MD, AUG. 12, 2014 --- GE Capital's Healthcare Financial Services business announced today that it has agented a senior secured credit facility of up to $12.5 million for Cardiva Medical, Inc. The financing is comprised of a $10 million term loan and a $2.5 million asset-based revolving loan.
CHICAGO -- GE Capital today announced it is providing Rentech Nitrogen Partners, L.P. (NYSE: RNF) with a $50 million cash flow financing for a series of capacity expansion projects to support the partnership's future growth. The facility will also be available, if needed, for general partnership purposes. The partnership, headquartered in Los Angeles, is a leading provider of natural gas-based nitrogenous fertilizers, with manufacturing facilities located in East Dubuque, IL and Pasadena, TX.
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London, 5 August 2014: Ares Management Ltd., which oversees the European activities of Ares Management, L.P. (NYSE:ARES), and GE Capital International, the leading alternative finance provider, announced today that the European Senior Secured Loan Programme (ESSLP), a €1.7 billion joint venture between the two firms, has completed its ninth transaction -- and the second within a week -- with the closing of a £113.5 million financing package to refinance Hillarys from funds managed by Ares and GE Capital.
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Invest in Success program also brings training and ongoing support
SALT LAKE CITY, UT, AUG. 5, 2014 --- GE Capital Bank is providing training, management expertise and funding grants to six community organizations that serve rural Utah. Called "Invest in Success," the program helps non-profit leaders build essential skills through courses designed to emulate corporate executive education seminars. The program is presented in conjunction with the Community Foundation of Utah and Fifth Ocean Consulting.
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Publication of revised "Driving at Work" document prompts renewed interest
Sale, Manchester: A renewed level of interest in risk management is being shown by fleets following the publication of revised Health and Safety Executive guidance, reports GE Capital, Fleet Services.
An updated version of "Driving at Work: Managing Work Related Road Safety" was made available in May, the first update of the guide since its original publication in 2003.
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Research from GE Capital's latest Company Car Trends research
Sale, Manchester, 2014: "CO2 emissions limit" is the number one factor used when setting the criteria for a company car choice list, according to the latest quarterly Company Car Trends research from GE Capital, Fleet Services.
Along with "fitness for purpose" and "maximum monthly rental", these three criteria lead every other factor used by the fleets surveyed by a huge margin -- more than 50% of respondents named these top factors but all others polled less than 20%.
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Sale, Manchester, July 2014: The European Community Whole Vehicle Type Approval regulations (ECWVTA), which became compulsory in April 2013 covering modifications to racking and other fitments, are leading to overall cost savings for van fleets, says GE Capital Fleet Services.
The approval scheme provides a mechanism for ensuring that new light commercial vehicles meet environmental, safety and security standards.
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Paris---31 July 2014 -- Ares Management Ltd., which oversees the European activities of Ares Management, L.P. (NYSE:ARES), and GE Capital International, the leading provider of specialist finance to the mid-market, have provided a €46.5 million debt facility to French firm InfoVista through the firms' €1.75 billion joint venture, the European Senior Secured Loan Programme (ESSLP).
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GE Global Research
More Than Money: IPO Takes GE Finance Arm in a New Direction
When the Audax Group acquired Aavid Thermaloy, a top maker of heat sinks and cooling systems for everything from PCs to EVs, in late 2012, the private equity firm used a loan from GE Capital to close the transaction. Sounds like a plain vanilla financing deal, but it did not stop there.
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SCOTTSDALE, AZ, JULY 28, 2014 --- GE Capital's Franchise Finance business announced today that it has loaned $39.4 million to Cotti Foods for the acquisition of 39 Wendy's restaurants, the remodeling of existing units and the development of new units.
Cotti purchased the units --- 32 in the greater Los Angeles market as well as seven in Hawaii --- from Wendy's International Inc. In total, Wendy's® has sold 418 company-operated restaurants across 13 U.S. markets, primarily in the West, to align restaurant ownership and generate a more predictable revenue stream.