EDEN PRAIRIE, Minn.--25 October 2010-- GE Capital Fleet Services today announced that it will provide American Fire Protection Group (AFPG), a national fire protection system provider, its telematics-based Mobile Resource IntelligenceSM program, with a goal of significantly increasing AFPG's fleet efficiency while reducing operating costs. AFPG will have access to GE's Monitor solution allowing AFPG's business leaders to view and manage their mobile fleet resources in real time.
EDEN PRAIRIE, Minn.--13 October 2010-- GE Capital Fleet Services today announced a new, three-year agreement with Web Service Company, a national laundry services provider, to use GE's Monitor and Intelligent Ops telematics solutions, with a goal of significantly reducing Web Service Company's operating costs. In addition, Web Service Company will become a user of GE's one-stop web portal providing extensive vehicle data used to manage fleet spend.
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BETHESDA, Md. & NEW YORK--13 October 2010-- The Senior Secured Loan Program, jointly managed by Ares Capital Corporation and an affiliate of GE Capital, announced today the closing of a $290 million senior secured loan to support Avista Capital Partners' and Ontario Teachers' Pension Plan Board's acquisition of INC Research, Inc., a Raleigh, NC-based full-service global contract research organization focused on late-stage (Phase II-IV) pharmaceutical clinical trials.
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NORWALK, Conn.--12 October 2010-- GE Capital, Restructuring Finance today announced it is co-agent for a $175 million plan of reorganization revolving credit facility to Neff Rental, Inc., a national construction equipment rental company. The financing supports working capital needs as the company emerges from Chapter 11. GE Capital Markets served as joint lead arranger.
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Funds acquisition of four BURGER KING units and debt refinancing
SCOTTSDALE, Ariz.--12 October 2010-- GE Capital, Franchise Finance provided $9.3 million in financing to Georgia Texas Operating Company, a BURGER KING® and Taco Bell franchisee. The funds were used to acquire four BURGER KING fast food restaurants in the greater Atlanta area as well as to refinance existing debt. Funding was provided through GE Capital, Franchise Finance's bank affiliate, GE Capital Financial Inc.
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EDEN PRAIRIE, Minn.--04 October 2010-- GE Capital Fleet Services today announced that it has launched Intelligent OpsSM, an integrated business intelligence solution for operations and sales leaders who manage mobile personnel. The new solution, part of GE's innovative Mobile Resource IntelligenceSM telematics program, is designed to help customers drive significant profitability improvements through more efficient mobile operations.
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NORWALK, Conn.--01 October 2010-- GE Capital, Corporate Finance today announced it is agent for a $40 million cash flow revolving credit facility to Planet Fitness, a leading fitness center owner, operator and franchisor. The financing will be used for working and growth capital and the facility may be increased to $50 million under certain conditions. GE Capital Markets served as sole lead arranger.
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NORWALK, Conn.--23 September 2010-- GE Capital, Corporate Finance today announced it is administrative agent for a $53 million cash flow credit facility to Portola Packaging, Inc., a leading designer, manufacturer and marketer of tamper-evident plastic closures. The loan supports the company's recapitalization. GE Capital Markets served as lead arranger.
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GE Capital will manage a new end-user financing program for sales generated through Dell's 20,000+ technology resellers in the U.S.
IRVING, TX--GE Capital announced today that it has been chosen by Dell Inc. and Dell Financial Services to support a new end-user financing program. This program applies to sales of technology solutions generated through Dell's 20,000+ channel partners in the U.S.
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SSLP has now financed seven transactions in 2010 through GE Capital and Ares Capital Corporation Partnership.
New York, N.Y.---The Senior Secured Loan Program, jointly managed by affiliates of GE Capital and Ares Capital Corporation, announced today that it has closed four new financing transactions, totaling approximately $689 million, during the third quarter.
Below is a description for two of these transactions.