Funding allows for refinancing of existing debt
SCOTTSDALE, Ariz.--07 December 2010-- GE Capital, Franchise Finance provided $10.5 million in financing to Wendy's® fast food franchisee, Legacy Restaurant Group, LLC. The facility will be used to refinance existing debt. Financing was provided through the GE Capital, Franchise Finance bank affiliate, GE Capital Financial Inc.
EDEN PRAIRIE, Minn.--06 December 2010-- GE Capital Fleet Services today announced it will provide its telematics-based Mobile Resource IntelligenceSM program to Raymond Handling Concepts, a leading provider of high-density storage and order-picking systems used in warehousing and distribution. The company will use the Intelligence OpsSM solution, an integrated business intelligence solution for operations and sales leaders, which drives significant profitability improvements through more efficient mobile operations.
Program will subsidize subscription cost of Spader True™, a comprehensive business performance application
HOFFMAN ESTATES, IL -- GE Capital, Commercial Distribution Finance (CDF) today announced the launch of a new program with Spader Business Management. Under the program, GE Capital is subsidizing a one-year subscription to Spader True™, an online system that allows qualified recreational vehicle (RV) dealers in the U.S. to compare their business performance against industry benchmarks on a wide variety of financial metrics.
NORWALK, Conn.--23 November 2010-- GE Capital, Corporate Finance today announced it is agent for a $200 million asset-based credit facility to International Automotive Components Group North America, Inc. (IAC), a leading global automotive parts supplier. The loan will be used for working capital needs and to support growth and expansion efforts. GE Capital Markets served as sole lead arranger.
EDEN PRAIRIE, Minn.--22 November 2010-- GE Capital Fleet Services today announced results of a recent study which shows that customers enrolled in its Maintenance Management Program realize significant repair cost savings when utilizing GE's maintenance managed network dealerships.
NORWALK, Conn.--18 November 2010-- GE Capital, Corporate Finance today announced it is agent for a $120 million asset-based credit facility to Huttig Building Products, Inc., a leading domestic distributor of millwork, building materials and wood products. The loan refinances an existing credit facility and will be used to support working capital needs. GE Capital Markets served as co-lead arranger. GE also provides the company with equipment lease financing.
EDEN PRAIRIE, Minn.--08 November 2010-- GE Capital Fleet Services today announced it identified $63.3 million in cost savings for customers in the third quarter of 2010. By working with customers to maximize efficiency and determine areas for cost savings on their fleet investments, GE Capital Fleet Services has identified customer cost savings of nearly $225 million in the first three quarters of 2010.
