NORWALK, CT, July 11, 2014 --- GE Capital's Telecom, Media and Technology (TMT) financing business announced today that sell-side analyst Raj Seth has joined as managing director and senior technology analyst. Seth brings more than 20 years of technology industry experience to a team delivering comprehensive lending solutions to middle market technology companies.
In 2013, TMT provided more than $5.5 billion over 59 deals, including $1.5 billion to technology businesses.
SHANNON, Ireland, July 11, 2014 -- GE Capital Aviation Services Limited (GECAS), the commercial aircraft leasing arm of GE, announced delivery of a new leased Airbus A330 aircraft to China Airlines to modernize its fleet. The aircraft is from GECAS' existing order book with Airbus.
Founded in 1959, China Airlines is the full-service flag carrier of Taiwan, operating a fleet of 80 aircraft to 110 regional and international destinations in Asia, Oceania, Europe and the U.S.
GECAS News
CHICAGO, IL -- GE Capital, Commercial Distribution Finance (CDF) announced today it has extended its inventory financing program with Bass Pro Shops through 2018. Bass Pro Shops, which owns boat manufacturer Tracker Marine Group, will use CDF funding to stock Tracker products in its 84 retail locations and to support programs for its network of independent dealers in North America. Bass Pro Shops has been a CDF customer for more than 25 years.
The Australian Graduate School of Management (AGSM) at UNSW Australia together with GE Capital have received funding to undertake significant research on innovation and leadership with to assist Australia's burgeoning mid-market sector.
The three-year research project, made possible thanks to a $340,000 Australian Research Council (ARC) grant, will investigate the Australian mid-market sector to enhance theoretical and practical understanding regarding drivers of innovation, performance, and growth for mid-market firms.
MISSISSAUGA, ON -- Les détaillants, les fabricants et les fournisseurs d'équipements agricoles prévoient une saison des récoltes meilleure ou similaire à celle de l'année dernière, ce qui devrait avoir une incidence positive sur les ventes d'équipements, selon les conclusions d'un sondage publiées aujourd'hui par la filiale GE Financement commercial aux détaillants (CDF) de GE Capital.
MISSISSAUGA, ON -- Dealers, manufacturers and suppliers of agriculture equipment are expecting a better or similar harvesting season compared to last year, which should positively impact equipment sales, according to survey results released today by GE Capital's Commercial Distribution Finance Canada (CDF) business.
Strategic investment underscores credit card provider's commitment to growth in emerging payments space
STAMFORD, CT -- July 9, 2014 -- Synchrony Financial today announced the completion of a strategic investment in LoopPay, Inc., an innovative mobile payments platform company. LoopPay is expected to provide Synchrony Financial with special features and benefits for its cardholders and retail partners.
IRVING, TX, JULY 9, 2014 --- GE Capital, Equipment Finance, a long-time provider of wholesale and retail financing to equipment manufacturers, named Matt LeSage its new chief commercial officer. He reports to Diane Cooper, president of the business.
GE --- the global provider of solutions in energy, health and home, transportation and finance --- employs 1,500 people in the Dallas-Fort Worth area. The largest portion, 40%, is part of GE Capital's Equipment Finance business.
AMARILLO, TEXAS -- July 8, 2014: Subsidiaries of E.ON SE (E.ON) and GE (NYSE: GE) are forming an investment partnership to own and operate Grandview Phase I, a 211-megawattt GE-powered wind farm under construction in the Texas Panhandle. GE Energy Financial Services provided 50 percent of the partnership equity in the project, with the balance provided by E.ON's subsidiary E.ON Climate and Renewables North America, LLC (EC&RNA). Financial details were not disclosed.
SAN DIEGO, Calif. and AMARILLO, Texas (July 7, 2014): EDF Renewable Energy announced today that the 161-megawatt (MW) Spinning Spur II Wind Project in Texas has reached commercial operation (COD). The company further announced the close of structured equity financing from GE Energy Financial Services (NYSE: GE) and MUFG Union Bank, N.A. The completion of construction and COD milestone allows the closing of the sale of 50 percent of EDF Renewable Energy's equity interest in the project to UBS International Infrastructure Fund.
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