SCOTTSDALE, AZ, MAY 29, 2014 --- GE Capital's Franchise Finance business announced today that it has provided $31 million to United Restaurant Group, LP (URG) in a combined sale-leaseback and refinancing. GE Capital served as administrative agent and GE Capital Markets served as sole lead arranger and bookrunner on the senior debt facility.
SCOTTSDALE, AZ, MAY 27, 2014 --- GE Capital's Franchise Finance business announced today that it has provided $35.5 million in senior debt to Valenti Mid-South Management, LLC, a major Wendy's franchisee based in Tampa, FL. The funds will be used to refinance most of the company's senior debt.
Valenti owns and operates 125 Wendy's restaurants in Tennessee, Mississippi, Arkansas, Missouri and Pennsylvania, as well as 17 Chili's in Mississippi and Alabama. The company employs more than 4,900 people.
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BETHESDA, MD, MAY 22, 2014 --- GE Capital's Healthcare Financial Services business announced today that it has agented a senior secured credit facility of up to $10 million to Cianna Medical, Inc. The funds will be used for additional working capital as Cianna Medical continues to expand its commercialization and product development efforts.
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IRVING, TX, MAY 21, 2014 --- Construction equipment dealers are optimistic that rental activity will remain strong, according to a survey recently conducted by GE Capital, Equipment Finance. In fact, they estimate that the rental segment of the industry will grow about 12 percent this year.
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CHICAGO --- GE Antares, a unit of GE Capital, announced today it served as administrative agent on a senior secured credit facility to support the acquisition of Kellstrom Defense Aerospace, Inc. by the Merex Group, a portfolio company of Dubin Clark & Company, Inc. GE Capital Markets served as sole lead arranger and joint bookrunner on this facility.
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HUNT VALLEY, MD, MAY 13, 2014 --- GE Capital Markets announced today that it has hired Joe Thompson as senior vice president to support GE Capital's growing equipment and vendor finance business. He will be based in Irving, TX where GE Capital, Equipment Finance is headquartered.
Thompson returns to GE Capital from AIG Commercial Asset Finance, where he was senior vice president of Capital Markets. Prior to AIG, Thompson was with Transamerica Equipment Finance and GE Capital. He is a graduate of Texas Tech, with an MBA from University of North Texas.
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BETHESDA, MD, MAY 12, 2014---GE Capital's Healthcare Financial Services (HFS) business has provided a $9 million term loan to Cerapedics, Inc., a privately-held medical device company based in Westminster, CO. The funds will be used to support Cerapedics' general business operations, including the advancement of its U.S. regulatory process.
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CHICAGO --- GE Antares, a unit of GE Capital, announced today it is administrative agent on a $260 million senior secured credit facility to support the acquisition of Institutional Shareholder Services (ISS) by Vestar Capital Partners. GE Capital Markets served as joint lead arranger and joint bookrunner on this facility.
Headquartered in New York, NY, ISS is the leading global provider of corporate governance solutions for asset managers, asset owners, and corporations, employing approximately 700 people globally with 15 offices in 10 countries.