Art Van Furniture Renews Signature Card Credit Program
STAMFORD, Conn. and WARREN, Mich.. -- January 26, 2011 -- GE Capital's Retail Finance business, a consumer lending unit of General Electric Company (NYSE: GE), announced today the extension of their agreement with Art Van Furniture, Michigan's largest furniture retailer, to provide consumer financing through the retailer's 34 store and online locations.
NORWALK, Conn.--24 January 2012-- GE Capital, Corporate Finance today announced it is administrative agent on a $610 million asset-based credit facility for EVRAZ North America, a leading steel manufacturer. The loan will be used for working capital and general corporate purposes. GE Capital Markets served as joint lead arranger and joint bookrunner.
SAO PAULO, January 23, 2012 -- GE Capital Aviation Services Limited (GECAS), the commercial aircraft leasing and financing arm of GE, announced delivery of two new Airbus A320 aircraft to TACA Airlines to help them with fleet growth.
The aircraft come from TACA's existing order book with Airbus and are part of a purchase-and-leaseback transaction with GECAS announced in February 2010.
They will be operated by TACA's subsidiary in Costa Rica, and will be joining a 44 aircraft fleet that serves 51 destinations in 22 countries.
Doubles sales force, reflecting better conditions in construction industry
IRVING, TX -- In advance of a busy trade show season, GE Capital, Dealer Finance announced that it is doubling its sales force to support growing retail and wholesale demand for construction equipment financing.
Funds acquisition of 51 Jack in the Box units
SCOTTSDALE, Ariz.--17 January 2012-- GE Capital, Franchise Finance provided $18 million to Feast Foods, LLC, a Jack in the Box franchisee. The financing includes a $16.3 million term loan for the acquisition of 51 Jack in the Box units in Washington, Idaho and Oregon and a $1.7 million development line of credit. Funding was provided through GE Capital's bank affiliate, GE Capital Financial Inc.
SSLP Completes Approximately $3.9 Billion in Transactions During 2011
NORWALK, Conn. & NEW YORK--January 12, 2012---The Senior Secured Loan Program (SSLP), jointly managed by Ares Capital Corporation and an affiliate of GE Capital, announced today that it completed twelve financing transactions totaling more than $1.8 billion during the fourth quarter. Including refinancing commitments, the SSLP completed approximately $3.9 billion in transactions to middle market borrowers and private equity sponsors during 2011.
FAIRFIELD, Conn.--11 January 2012-- GE today announces the appointment of Peter Herbert, CEO of GE Capital European Mortgage & Restructuring Group (EMRG) to company officer. GE currently has 196 GE officers globally who lead large revenue generating businesses or are in critical functional roles, helping to drive growth.
- Healthy pipeline in place for 2012
- Customers seeing value beyond financing
NORWALK, Conn. --- GE Capital's Telecom, Media and Technology (TMT) financing business today announced it had completed 38 deals totaling $3.4 billion in financing during 2011.
"This has been an active year for financing across our industries," said Pete Foley, senior managing director of GE Capital's TMT team. "Despite continued uncertainty in the market, good transactions are being financed. It is encouraging to see these deals close and we remain optimistic about 2012."
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