EDEN PRAIRIE, Minn.--10 May 2012-- GE Capital Fleet Services today announced the launch of IntelliGauge, a mobile fuel and CO2 calculator application that allows users to compare components of their current vehicles against future vehicles. IntelliGauge is designed to help companies and consumers alike make smart decisions on their vehicle purchases. IntelliGauge is free to use and is optimized for use on iPads, smartphones and desktops.
Funds recapitalization for Wichita, KS-based operator
SCOTTSDALE, Ariz.--10 May 2012-- GE Capital, Franchise Finance provided an $80 million senior credit facility to F&H Acquisition Corp., a restaurant company majority-owned by affiliates of Newcastle Capital Management, L.P. and Steel Partners Holdings L.P. The financing includes a $72.5 million term loan and a $7.5 million revolving line of credit to assist in recapitalizing the company's balance sheet.
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Results, including promising 2012 outlook, to be released at Canadian Restaurant Investment Summit May 30 in Toronto
TORONTO (ON) -- As the economy moves from recovery to expansion, Canadians are expected to cautiously increase their spending at restaurants and the Canadian foodservice industry should grow modestly this year, according to the first annual Canadian Chain Restaurant Industry Review, an extensive research report commissioned by GE Capital and compiled by fsSTRATEGY and NPD Group Canada.
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Eden Prairie, Minn. -- April 30, 2012 -- GE Capital Fleet Services today announced the results of its 17th annual fleet passenger car maintenance study, which found that overall fleet car maintenance costs continued a three-year trend of slight decreases. Maintenance costs continued to decline in 2011 as a result of increased vehicle replacement in 2010, which in-turn decreased the average cost of repairs per vehicle.
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BETHESDA, MD -- April 30, 2012 --- GE Capital, Healthcare Financial Services announced today that it was sole lender and administrative agent on $7.5 million in senior secured credit facilities for PharmAthene, consisting of a $2.5 million term loan and a $5 million revolving line of credit. The financing will be used for general working capital purposes.
Headquartered in Annapolis, MD, PharmAthene is a leading biodefense company that develops and commercializes medical products to counter biological and chemical weapons.
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NORWALK, CT and MONTREAL -- April 26, 2012 -- GE Capital, Corporate Finance today announced it is administrative agent for a $70 million asset-based credit facility for Le Château, a leading Canadian specialty retailer and apparel manufacturer. The loan will be used to refinance existing debt and support working capital needs.
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NORWALK, Conn.--24 April 2012-- GE Capital, Corporate Finance today announced it has provided $32 million in term financing and a $25 million asset-based revolver for Apio, Inc., a leading fresh-cut specialty packaged vegetable supplier, processor and distributor. The financing was used to acquire GreenLine Foods, Inc., a leading processor and distributor of produce, and to provide working capital. GE Capital Markets served as lead arranger on a portion of the term financing.