MONTREAL (QC) --- GE Capital's Canadian Franchise Finance business announced today that it has provided Original Joe's Franchise Group Inc. (OJ's) with a C$15.3 million senior secured credit facility. OJ's will use it to continue its expansion of the Original Joe's and State & Main restaurant concepts. GE Capital, Canada served as lead arranger on a senior credit facility with BMO Bank of Montreal and Laurentian Bank as participants.
MONTRÉAL (QC) --- La division canadienne de Financement de franchises de GE Capital a annoncé aujourd'hui qu'elle a accordé une facilité de crédit garantie de premier rang à Original Joe's Franchise Group Inc. (« OJ's »), d'une valeur de 15,3 millions $. L'entreprise se servira des fonds afin de poursuivre l'expansion de ses concepts de restaurants Original Joe's et State & Main. GE Capital, Canada a agi à titre d'arrangeur principal de la facilité de crédit de premier rang; BMO Banque de Montréal et Banque Laurentienne ont agi en tant que participants.
business unit
tags
NORWALK, CT-- February 4, 2013 -- GE Capital, Corporate Finance today announced it is serving as administrative agent on a $500 million asset-based credit facility for Axiall Corporation (NYSE: AXLL), created by the merger of Georgia Gulf and the commodity chemicals business of PPG Industries, Inc. GE Capital Markets served as co-lead arranger and joint bookrunner for the transaction. The loan is being used for general corporate purposes.
business unit
tags
NORWALK, CT-- January 31, 2013 -- GE Capital, Corporate Finance today announced the addition of Colin Guheen as a senior vice president on its food and beverage industry team, where he will underwrite and manage commercial finance for mid-sized companies across the U.S.
business unit
tags
NEW YORK & NORWALK, Conn. --- January 30, 2013 --- The Senior Secured Loan Program (SSLP), jointly managed by an affiliate of Ares Capital Corporation and an affiliate of GE Capital, announced today that its total available capital has increased from $7.7 billion to $9.0 billion. In connection with this expansion, GE Capital and an affiliate agreed to make available to the SSLP up to approximately $7.25 billion and Ares Capital agreed to make available to the SSLP up to approximately $1.75 billion.
business unit
tags
BETHESDA, MD -- January 29, 2013 --- GE Capital, Healthcare Financial Services announced today that it is serving as administrative agent on an $8.5 million in senior secured credit facility for TYRX, Inc., consisting of a $7 million term loan and a $1.5 million revolving line of credit. The financing will be used to refinance existing debt, working capital and to support commercialization efforts.
business unit
tags
BETHESDA, MD -- January 28, 2013 --- GE Capital, Healthcare Financial Services announced today it is serving as sole lender and administrative agent on $12 million in senior secured credit facilities for SIGA Technologies, Inc. (NASDAQ: SIGA), consisting of a $5 million term loan and a $7 million revolving line of credit.
business unit
tags
Financing for store acquisitions
SCOTTSDALE, AZ --- GE Capital, Franchise Finance recently provided $4.4 million to Romulus Restaurant Group, an IHOP franchisee for the acquisition of six stores in Oklahoma. The financing was provided through GE Capital's bank affiliate, GE Capital Bank.
"We chose GE Capital, Franchise Finance because of their industry experience and their willingness to work with us," said Chris Milisci, president, Romulus Restaurants. "They structured a deal that really helps us to grow our business."
business unit
tags
Eden Prairie, Minn. -- January 23, 2013 -- GE Capital Fleet Services today announced $460 million in identified customer cost savings for the full year of 2012, with accelerated and optimal replacement analyses cited as the leading areas for savings.
By analyzing customers' fleets to maximize efficiency and reduce costs, GE Capital has identified a total of $1.4 billion in potential savings opportunities for customers in the past four years.
business unit
tags
Channel cash flow challenges may also drive more M&A
CHICAGO, IL --- GE Capital's Commercial Distribution Finance (CDF) business saw an increase of more than 10 percent in financing volume in the information technology (IT) channel in 2012, and it expects that trend to continue this year. This is, in part, because of wider adoption of manufacturer-approved financing programs that offer inventory working capital within the IT industry, both domestically and internationally, easing cash flow challenges for value-added resellers (VARs), distributors and system integrators.