STAMFORD, Conn., Oct. 14, 2011 -- GE Energy Financial Services, a unit of GE (NYSE: GE), announced today that it is acquiring a diverse pool of nearly $1 billion in senior secured energy project finance assets located in more than a dozen countries. GE Energy Financial Services is acquiring the portfolio from the Bank of Ireland, which is selling non-core loans as part of its deleveraging plan.
The loans are secured by long-lived energy infrastructure assets with an average loan size of approximately $35 million.
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Multi-year renewal will focus on expanding current program to drive sales and customer loyalty for Stein Mart
STAMFORD, Conn.and JACKSONVILLE, Fla - October 14, 2011 -- Fashion retailer Stein Mart, Inc. (NASDAQ: SMRT) and GE Capital's Retail Finance business, a consumer lending unit of General Electric Company (NYSE: GE), have announced the multi-year renewal of the Stein Mart co-branded credit card program for Stein Mart's 260 stores located throughout the United States.
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DENVER, CO, Oct. 13, 2011 -- Expanding their Rocky Mountain oil and gas reserves footprint, PRE Resources, Inc. is teaming up with GE Energy Financial Services, a unit of GE (NYSE: GE), to buy more than 100 producing wells and undeveloped acreage across 29 fields in Wyoming and Colorado.
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New Financing Program Available at Martin Dealers Nationwide
KETTERING, Ohio and NAZARETH, Pa., - October 13, 2011 -- GE Capital's Retail Finance business, a consumer lending unit of General Electric Company (NYSE: GE), has announced a new agreement to provide consumer financing through C.F. Martin & Co., Inc authorized dealers nationwide.
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Sven Niederheide neuer Chief Compliance Officer für GE Capital in Deutschland
Mainz (17. Oktober 2011) -- Sven Niederheide ist seit dem 1. Oktober 2011 neuer Chief Compliance Officer für GE Capital in Deutschland. In der neu geschaffenen Position leitet der 38-Jährige am Standort Mainz ein vierköpfiges Compliance-Team.
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HOUSTON AND DALLAS, TX Oct. 12, 2011 -- GE Energy Financial Services, a unit of GE (NYSE: GE), is expanding its oil and gas industry footprint by investing in Summit Midstream Partners, LLC, which acquires and develops midstream energy infrastructure in unconventional North American production basins.
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Funds refinancing of existing debt
GE Capital, Franchise Finance recently completed a $9.5 million transaction with BAJCO Group, a Papa John's Pizza® franchisee for the refinancing of existing debt. Funding was provided through GE Capital's bank affiliate, GE Capital Financial Inc.