Eden Prairie, Minn. -- August 6, 2013 -- GE Capital Fleet Services today announced a major milestone with the sale of its 100,000th customer vehicle through its Remarketing by GE program. Launched in 2007, Remarketing by GE has enabled more than 300 customers nationwide---including credit unions, independent finance companies, banks, and corporations with owned fleets---to outsource the disposition of automotive assets to GE Capital Fleet Services' team of professional automotive remarketers.
business unit
tags
SCOTTSDALE, AZ --- GE Capital's Franchise Finance business announced today that it has provided financing to an affiliate of Roark Capital Group for the acquisition of Miller's Ale House, a 65-unit casual dining chain based in Jupiter, FL with approximately $300 million in system-wide sales. GE Capital served as administrative agent, with GE Capital Markets serving as joint lead arranger and joint bookrunner.
business unit
tags
CHICAGO, IL --- GE Capital's Commercial Distribution Finance (CDF) business announced today that it has extended its relationship with the American Boat Builders Association (ABA), a major buying group for independent boat builders in the U.S.
GE Capital has been a preferred lender to ABA's members since the organization's inception in 1992.
business unit
tags
BETHESDA, MD-- July 23, 2013 --- GE Capital, Healthcare Financial Services, announced today that it is serving as administrative agent and sole lender on a $10 million senior secured multi-draw term loan for Skylight Healthcare Systems, Inc. The company intends to use the financing primarily for capital expenditures associated with new hospital contracts and other corporate purposes.
business unit
tags
Eden Prairie, Minn. -- July 23, 2013 -- GE Capital Fleet Services today announced $191 million in identified customer cost savings for the first half of 2013, with program enhancements cited as the leading area for savings. By analyzing customer fleet data, GE Capital highlights areas for cost savings and increased productivity and has identified more than $1.6 billion in potential savings opportunities for customers since 2008.
business unit
tags
BETHESDA, MD-- July 22, 2013 --- GE Capital, Healthcare Financial Services, announced today that it has amended its existing $2MM senior secured credit facility to Saladax Biomedical, Inc. to provide an additional $8 million multi-draw term loan facility and to modify the terms of the existing $2 million term loan. GE Capital, Healthcare Financial Services is acting as administrative agent and sole lender for the credit facility. The loans will be used to provide Saladax with working capital to support ongoing commercialization efforts and for other corporate purposes.
business unit
tags
NORWALK, CT -- July 22 , 2013 -- GE Capital, Corporate Finance today announced it provided a $76.8 million asset-based credit facility to Pacific Coast Feather Company, a leading manufacturer and distributor of high quality basic bedding products. The loan was used to refinance existing debt and to support ongoing working capital needs.
business unit
tags
Third annual event organized by GE Women's Network aims to inspire middle school girls
IRVING, TX --- The seven Dallas-Fort Worth-area offices of General Electric --- the global provider of solutions in energy, health and home, transportation and finance --- are hosting their third annual career day on July 15. Forty middle school-aged girls from Girls Inc. of Metropolitan Dallas will participate in the event, titled "Putting Your Best Foot Forward."