NORWALK, CT, JUNE 16, 2014 --- GE Capital's Telecom, Media and Technology (TMT) financing business announced today it served as administrative agent on a $12 million incremental credit facility increase to VSS - Southern Theatres, LLC (Southern Theatres). The total credit facility for Southern Theaters is now $92 million. The incremental line increase will be used to fund the build out of several new Movie Tavern locations in the southeastern U.S. and Pennsylvania. GE Capital Markets served as lead arranger and joint bookrunner on this facility.
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Program bridges liquidity gap between product build-up and customer payment
CHICAGO, IL, JUNE 11, 2014 --- GE Capital, Commercial Distribution Finance (CDF) is expanding the pool of working capital financing available to small and middle market information technology (IT) solution providers. With secured lending from a reliable liquidity source, entrepreneurs may be more prepared to bid on large projects, even if they expect extended cash collection periods from their customers.
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CHICAGO --- GE Antares, a unit of GE Capital, announced today it served as administrative agent on a $107 million multi-currency, cross-border credit facility to McLarens Global Limited (McLarens). The transaction refinanced the company's senior debt, repaid its subordinated debt and provided flexibility for future acquisitions. GE Capital Markets served as lead arranger and joint book runner on this facility.
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NORWALK, CT -- GE Capital today announced it has provided Accolade Wines, the world's fifth largest wine producer, with a $300 million cross-border credit facility. The financing will enable the continued global growth of the business.
GE Capital facilitated financing across Australia, the United Kingdom, New Zealand and the United States, giving Accolade seamless access to capital in regions of operation. With its roots in one of the first wineries established in Australia, today Accolade sells wine in over 80 countries.
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Honorees to receive awards during CIO 100 Symposium & Awards Ceremony
NORWALK, CT, JUNE 3, 2014 --- IDG's CIO magazine announced that GE Capital (NYSE: GE) received two notable CIO 100 awards for its innovative programs and solutions that help customers across the globe achieve their business goals in 2014.
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NORWALK, CT -- GE Capital, Corporate Finance today announced it is the administrative agent and sole lender on a $60 million senior credit facility for Consolidated Systems Incorporated (CSi). CSi produces metal products for use in the commercial construction industry and for original equipment manufacturers (OEMs). The financing will be used for working capital and general business needs.
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Supports Forty-Five U.S. and Canadian Boat Brands; Extends Through 2017
CHICAGO, IL --- GE Capital's Commercial Distribution Finance (CDF) business announced today it has extended its strategic floorplan financing agreement with Independent Boat Builders, Inc. (IBBI), a major boat manufacturer buying group, in the U.S. and Canada. The program covers 24 manufacturers that sell 45 brands. Established in 1989, IBBI, based in Benton, IL, is the largest cooperative buying group in the U.S. and Canada, with IBBI manufacturers selling more boats in those countries than any other entity.