CHICAGO, IL -- The motorsports industry, which includes motorcycles, all-terrain vehicles (ATV), utility-terrain vehicles (UTVs), snowmobiles, and personal watercraft, is healthy and growing, according to performance data from GE Capital, Commercial Distribution Finance (CDF), a leading provider of financing to motorsports dealers. Dealer financing volume is up almost 13% through June, reflecting healthy, more confident dealers, and steady improvement in the overall economy.
Les secteurs sports motorisés et véhicules récréatifs connaissent un bel essor alors que les détaillants de produits nautiques se concentrent sur la gestion de leurs stocks
Mississauga, ON, 29 --- La société Financement commercial aux détaillants (CDF) de GE Capital constate des tendances positives au niveau des industries canadiennes des sports motorisés et des véhicules récréatifs (VR) en ce premier semestre de l'année, tandis que l'industrie nautique connaît un léger ralentissement après la croissance accélérée de l'année dernière.
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Motorsports & RV surge ahead while marine dealers focus on managing inventory
Mississauga, ON --- GE Capital's Commercial Distribution Finance (CDF) business sees positive trends in the Canadian motorsports and recreational vehicle (RV) industries through the first half of the year, while the marine industry is experiencing a slight slowdown after last year's accelerated growth.
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CHICAGO -- GE Capital, Corporate Finance today announced it is providing auction house Sotheby's (NYSE: BID) with $850 million in senior credit facilities. The new facilities include a $250 million credit line increase and will be used for general working capital and to support the company's business strategy. GE Capital Markets served as joint lead arranger and joint book runner on the facilities.
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CHICAGO --- GE Antares, a unit of GE Capital, announced today it served as administrative agent on a $315 million senior secured credit facility to support the acquisition of The Home Décor Companies by Nielsen & Bainbridge, LLC, a portfolio company of Kohlberg & Company and GE Antares borrower. GE Capital Markets served as joint lead arranger and joint bookrunner on this facility.
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Opens fleet access to a growing network of CNG filling stations in key markets
Eden Prairie, Minn. -- GE Capital Fleet Services today announced an agreement with VNG.co, a national CNG fueling facility provider, to support the expansion of the CNG refueling infrastructure for light-duty fleet vehicles.
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CHICAGO -- After a slow start resulting from a harsh winter and cold spring, the recreational marine industry is experiencing accelerated growth, says GE Capital, Commercial Distribution Finance (CDF). Retail and wholesale sales are up versus a year ago in the U.S., and the industry is on track to reach the 8% growth in retail dollar sales originally forecast in February by CDF at the Miami Boat Show.
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NORWALK, CT, Aug. 13, 2014 --- GE Capital's Telecom, Media and Technology (TMT) financing business announced today it served as administrative agent on $69 million of senior secured credit facilities to support the acquisition of AGDATA by Vista Equity Partners. GE Capital Markets served as sole lead arranger and bookrunner on these facilities.
"GE Capital provided us with a flexible financing structure and strong capital commitment on this transaction. We look forward to our continued financing relationship," said Kevin Sofield, head of capital markets at Vista Equity Partners.
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CHICAGO --- GE Antares, a unit of GE Capital, announced today it served as administrative agent on a $265 million senior secured credit facility to support the acquisition of United Site Services (USS) by Calera Capital. GE Capital Markets served as sole lead arranger and bookrunner on this facility.
Headquartered in Westborough, MA, USS is a leader in portable restrooms and fence rentals with more than 60 locations throughout the United States.
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CHICAGO -- GE Capital, Corporate Retail Finance today announced it is providing financing to C&K Market, an independent regional supermarket chain. The funding will be used to support the company's operations and expected growth as it implements a new customer experience strategy.