NORWALK, Conn.--Tuesday, July 13, 2010-- GE Capital, Corporate Finance today announced it has secured a lease agreement with Polymer Group, Inc., a leading producer of nonwovens. The equipment lease facility will provide funding of up to $56 million for the primary equipment associated with the installation of a new state-of-the-art, custom-designed, spunmelt machine at a Polymer Group, Inc. plant in Waynesboro, Virginia.
BETHESDA, Md.--Monday, July 12, 2010-- GE Capital, Healthcare Financial Services today announced it has provided a $4.5 million credit facility to QSpex Technologies, Inc. The financing provides working capital and funds capital equipment expenditures supporting QSpex's product launch in late 2010.
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Eden Prairie, Minn.- July 7, 2010 - GE Capital Fleet Services today announced it has been awarded the Blue Seal of Excellence from the National Institute for Automotive Service Excellence (ASE) for the 11th year. ASE, the industry-leading certification program for automotive professionals, awards the Blue Seal of Excellence to businesses that showcase highly qualified repair facilities and commitment to excellent services. Recipients are required to maintain a staff certification level of at least 75 percent.
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Funding used to refinance existing debt, acquire one Taco Bell unit, remodel existing stores
SCOTTSDALE, Ariz.--Wednesday, July 07, 2010-- GE Capital, Franchise Finance is providing $9 million in financing for D. G. Smith Enterprises, Inc., a Taco Bell franchisee based in Sacramento, California. The proceeds will be used to refinance existing debt, fund a store acquisition, and support remodeling at select locations. Financing was provided through the GE Capital Franchise Finance bank affiliate, GE Capital Financial Inc.
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NORWALK, Conn.--Friday, July 09, 2010-- GE Capital, Restructuring Finance today announced it is co-collateral agent in a $650 million asset-based credit facility to Smurfit-Stone Container Corporation, a leading integrated containerboard and corrugated packaging producer and recycler. The loan supports the company's exit from bankruptcy protection under a Plan of Reorganization. GE Capital Markets served as joint lead arranger.
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Capital Solutions for the Home Product Industry (CSHPI) announced the launch of a dealer inventory financing program with Funai Corporation, the company behind the Emerson, Sylvania, Magnavox and Philips brand names. CSHPI is the trade name of GE Capital, Commercial Distribution Finance in the electronics and appliance industries.
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GE Capital's Healthcare Financial Services business has provided $90 million in senior secured credit facilities to Guardian Healthcare, a leading Medicare-certified provider of professional home healthcare services based in McKinney, TX. The company has 30 locations throughout Texas, Ohio and Oklahoma.
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GE Capital's Fleet Services business has premiered a new set of features for its Online Vehicle Ordering product; they are designed to further automate and streamline the ordering process.
Eden Prairie, Minn. -- GE Capital, Fleet Services today announced a new set of features for its Online Vehicle Ordering product designed to further automate and streamline the ordering process and enable fleet managers and drivers to work more efficiently.
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GE Capital announces the formation of a Technology Client Advisory Board (Tech CAB) composed of GE clients.
Eden Prairie, Minn. -- GE Capital, Fleet Services today announced the formation of a Technology Client Advisory Board (Tech CAB) made up of leaders from GE client organizations representing a variety of vehicle fleet sizes, asset types and industries. The group will provide feedback on Fleet Services' technology roadmap, suggesting opportunities for improvement and providing input into future product development efforts.
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NORWALK, Conn.--Wednesday, June 16, 2010-- GE Capital, Restructuring Finance today announced it agented a $150 million plan of reorganization credit facility to BI-LO, one of the largest supermarket chains in the Southeastern U.S. The loan supports BI-LO's exit from bankruptcy and ongoing working capital needs. GE Capital Markets served as sole lead arranger.