CHICAGO--Tuesday, April 20, 2010-- GE Antares Capital, a unit of GE Capital, announced it served as administrative agent for a senior secured credit facility in conjunction with the acquisition of Caravan Trading Company by Sterling Foods, Ltd., an existing portfolio company of TGF Management Corp. and Austin Ventures. Proceeds of the new facility were used to finance the acquisition, refinance Sterling's existing senior credit facility and to provide for general ongoing working capital needs.
GE Capital will add new features to LeasingSource, its comprehensive online sales productivity tool for dealers of office imaging equipment.
Irving, TX ― GE Capital announced today that its Vendor Finance business will add new features to LeasingSource (http://ge.leasingsource.com), its comprehensive online sales productivity tool. Scheduled for launch this summer, the system will further increase the speed and ease of leasing office imaging equipment.
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NORWALK, Conn.--Friday, April 09, 2010-- GE Capital, Corporate Retail Finance today announced it was co-collateral agent on a $700 million asset-based credit facility for Borders Group, Inc. (NYSE: BGP), a specialty retailer of books and other educational and entertainment items. The loan will be used to support working capital needs. GE Capital Markets served as co-lead arranger.
Borders Group is headquartered in Ann Arbor, MI, and employs approximately 19,500 throughout the U.S., primarily in its Borders® and Waldenbooks® stores.
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BETHESDA, Md.--Tuesday, April 06, 2010-- GE Capital, Healthcare Financial Services today announced it has provided a $35 million revolving line of credit to CCS Medical, Inc. The loan will be used to refinance existing debt, provide working capital and support growth initiatives following CCS Medical's exit from Chapter 11 bankruptcy protection on March 31, 2010.
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EDEN PRAIRIE, Minn.--Wednesday, March 24, 2010-- GE Capital today announced the appointment of Deb Frodl as Chief Strategic and Product Development Leader of GE Capital's Fleet Services business. Frodl will be responsible for driving strategy, product development, marketing and strategic alliances.
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Funding allows for remodeling, purchasing of underlying land, and refinancing
SCOTTSDALE, Ariz.--Tuesday, March 23, 2010-- GE Capital, Franchise Finance recently provided a $3.5 million credit facility to New-Wen, Inc., owners and operators of six Wendy's units in Ohio. New-Wen used the proceeds to refinance its existing debt structure in order to help in remodeling some restaurants and to purchase the underlying land at one of their existing Wendy's locations.
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NORWALK, Conn.--Friday, March 19, 2010-- GE Capital, Corporate Finance today announced it is sole lender for a $50 million asset-backed credit facility, which is part of an overall $105 million facility provided to JWTR, a timberland owner and operator. GE Capital Markets served as lead arranger for the incremental $55 million facility. The facility will be used to refinance existing debt.
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BETHESDA, Md.--Thursday, March 18, 2010-- GE Capital, Healthcare Financial Services has provided $31.5 million as part of a $145 million senior secured credit facility for Harden Healthcare, LLC. Harden will use the proceeds of the financing to provide additional growth capital and to refinance its existing debt facilities. GE Capital is the administrative agent for the credit facility. GE Capital Markets served as co-lead arranger and joint bookrunner.
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NORWALK, Conn.--Tuesday, March 16, 2010-- GE Capital, Restructuring Finance today announced it is sole collateral agent for a $109 million cash flow plan of reorganization credit facility for Muzak, a leading provider of music and sensory branding services for businesses. The loan supports Muzak's exit from bankruptcy and ongoing working capital needs. GE Capital Markets served as sole lead arranger on a portion of the facility.
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EDEN PRAIRIE, Minn.--Tuesday, March 16, 2010-- GE Capital Fleet Services today announced it has launched TruckVantageSM Compliance, a new regulatory compliance service for truck customers. Working with J.J. Keller and Associates, a leader in regulatory management solutions, this new service enables customers to stay at the forefront of increasing regulations by combining GE Capital Fleet Services' truck expertise with J.J. Keller's dedicated focus on regulatory compliance.