London, 9th August 2010: GE Capital, the financial arm of GE, has underwritten $500 million of European factoring and US ABL facilities to support the future working capital requirements of Alcan Engineered Products ("AEP"), a leading global aluminium products manufacturer. The financing supports the new joint venture company to be created by Apollo Management LP ("Apollo"), Fonds Stratégique d'Investissement's ("FSI") and AEP's current owner Rio Tinto plc.
Eden Prairie, Minn. -- August 3, 2010 -- GE Capital Fleet Services will host a webinar examining the use of benchmarking to monitor fleet performance, on Tuesday, August 10. The online webinar, which is part of GE's Spotlight Series, will feature Suzanne Gallagher, Director of Global Fleet and WHQ Procurement at Johnson & Johnson and Mark Smith, General Manager Strategic Consulting Services for GE Capital, Fleet Services.
business unit
tags
EDEN PRAIRIE, Minn.--02 August 2010-- GE Capital Fleet Services today announced it identified more than $96 million in cost savings for customers in the second quarter of 2010. GE's work with customers to optimize returns on their fleet investments has resulted in identified cost savings of more than $160 million for the first half of 2010.
business unit
tags
NORWALK, Conn.--02 August 2010-- GE Capital, Restructuring Finance today announced it is co-collateral agent in a $100 million plan of reorganization credit facility to Neenah Enterprises, Inc., one of the largest independent foundry companies in the U.S. The loan supports the company's pre-packaged exit from bankruptcy protection. GE Capital Markets served as joint lead arranger.
business unit
tags
NORWALK, Conn.--Wednesday, July 28, 2010-- GE Capital, Corporate Finance today announced it is collateral agent for a $120 million asset-based credit facility to Ocean Beauty Seafoods, LLC, one of the largest seafood companies in the Pacific Northwest. GE Capital Markets served as joint lead arranger.
business unit
tags
Funding allows for the acquisition of eight BURGER KING units in Medford, Oregon
SCOTTSDALE, Ariz.--Tuesday, July 27, 2010-- GE Capital, Franchise Finance is providing $8.4 million in financing to Ghai Management Services, Inc., a BURGER KING® franchisee based in Fremont, California. The funds will be used to acquire eight BURGER KING fast food restaurants. Financing was provided through the GE Capital, Franchise Finance bank affiliate, GE Capital Financial Inc.
business unit
tags
BETHESDA, Md.--21 July 2010-- GE Capital, Healthcare Financial Services announced today that it served as agent and sole lender to Mitralign, Inc. for a $5 million senior secured credit facility. Mitralign will use the credit facility for working capital as the company advances development of its mitral valve repair device.
business unit
tags
CHICAGO--Wednesday, July 14, 2010-- GE Antares Capital, a unit of GE Capital, today announced it served as Administrative Agent for a $125 million senior secured credit facility to GCA Services Group, Inc., which was used to refinance GCA's existing bank facility at a lower cost of capital. GE Capital Markets served as co-lead arranger and sole bookrunner on the facility.
business unit
tags
GE Capital, Commercial Distribution Finance is providing a credit facility to a Denver-based IT reseller to the commercial, federal, education and healthcare markets
HOFFMAN ESTATES, IL -- GE Capital, Commercial Distribution Finance (CDF) announced today that it has established a $35 million credit facility for Global Technology Resources, Inc. (GTRI), a leading provider of a wide variety of technology solutions.
business unit
tags
NEW YORK--Tuesday, July 13, 2010-- Peacock Equity, a joint investment fund of GE Capital's Media, Communications & Entertainment business and NBC Universal, today announced that it has invested $2 million in equity in Vivox, the world's leading provider of voice chat services for social applications including online games and virtual worlds. Other investors in Vivox include Benchmark Capital, Canaan Partners, GrandBanks Capital and IDG Ventures.