GE Capital is rolling out WattWise, a new mobile application, to U.S. franchise customers
Scottsdale, AZ -- GE Capital is rolling out WattWise, a new mobile application, to its franchise restaurant operator customers in the U.S. WattWise analyzes the energy consumed by the lighting currently installed in a restaurant, then estimates the savings operators can achieve if they switch to more energy-efficient alternatives.
GE Capital will provide inventory financing and working capital to security and data protection company Sophos Ltd. and their resellers in the Americas
Hoffman Estates, IL ― GE Capital's Commercial Distribution Finance (CDF) business announced today that it has entered into a new agreement with security and data protection company Sophos Ltd. to provide inventory financing and working capital to their resellers in the Americas. Since 2007, Sophos has sold its solutions exclusively via channel partners in the Americas.
Expansion capital for America's fastest growing restaurant chain
SCOTTSDALE, Ariz.--24 March 2011-- GE Capital, Franchise Finance provided a $100 million credit facility to Five Guys Holdings, Inc. franchisor of Five Guys Burgers and Fries. The facility includes a $55 million term loan and a $45 million revolver, and will be used to finance expected growth. Funding was provided through GE Capital's bank affiliate, GE Capital Financial Inc.
NORWALK, CT-- March 22, 2011 --- GE Capital, Corporate Retail Finance today announced it is co-collateral agent on a $600 million asset-based revolving credit facility for Winn-Dixie Stores, Inc., a leading food retailer. The loan refinances an existing credit facility and will be used for working capital and general corporate purposes. GE Capital Markets served as joint lead arranger.
Funds debt refinancing and capital expenditures
SCOTTSDALE, Ariz.--08 March 2011-- GE Capital, Franchise Finance provided $13.2 million in financing to Ponder Enterprises, Inc., one of Hardee's largest franchise operators The credit facility, consisting of an $11.2 million term loan and a $2 million development line of credit, is being used to refinance existing debt and fund capital expenditures.
Plainville, CT -- March 3, 2011 --GE (NYSE: GE) announced today it will host an electric vehicle experience tour in seven U.S. cities that will bring GE experts together with local businesses, industry leaders, and public sector stakeholders for educational workshops, test drives, and dialogue on the business case for EV ecosystems.
Announcement in advance of OPEESA Annual Meeting extends repayment terms by 60 days
HOFFMAN ESTATES, IL -- GE Capital's Commercial Distribution Finance (CDF) business today announced a new financing program for outdoor power equipment dealers in advance of the Outdoor Power Equipment and Engine Service Association (OPEESA) Annual Meeting in Palm Beach, FL Feb. 27-March 2. The new offering, called "Extra 60," will add 60 days to standard supplier financing terms. The programs are designed to help spur industry growth as the economy continues to recover.
NORWALK, Conn.--25 February 2011-- GE Capital today announced it is administrative agent for a $150 million asset-based credit facility for Tourneau, the world's largest retailer of fine watches. The financing will be used for working capital purposes. GE Capital Markets served as sole lead arranger of the facility.
