EDEN PRAIRIE, Minn.--Friday, January 29, 2010-- GE Capital Fleet Services today announced full-year results for its cost-savings efforts for customers in 2009. Total savings identified were $256 million, with total-cost-of-ownership analysis yielding the highest opportunity at more than $50 million.
Mississauga, ON, January 20, 2009 -- GE Capital, Commercial Distribution Finance Canada announced today that the company has entered into an agreement with Yamaha Motor Canada Ltd. and has become the exclusive provider of financing for Yamaha's YMCF Dealer Inventory Finance Program.
GE Capital acquired the portfolio from Yamaha Canada's former financier, Textron Financial Canada Limited, and is now the exclusive provider of inventory finance for Yamaha under a multi-year financing program.
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HOFFMAN ESTATES, Ill.--Wednesday, January 20, 2010-- GE Capital, Commercial Distribution Finance today announced it has been selected as the exclusive wholesale floorplan financing lender for Suncoast RV Center, Inc., headquartered in Jacksonville, Florida. The program will allow Suncoast RV to fund up to $25 million in new and used RV inventory within their dealerships across the Southeastern US.
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EDEN PRAIRIE, Minn.--Wednesday, January 20, 2010-- GE Capital Fleet Services today announced that its Hybrid and Alternative Fuel Vehicles Rebate Program processed more than $2.5 million in rebates for customers in 2009. GE Capital Fleet Services is the only fleet management company to offer a tax-rebate program recognizing customers for taking steps to green company vehicles.
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EDEN PRAIRIE, Minn.--Tuesday, January 12, 2010-- GE Capital Fleet Services today announced its Environmental Performance solution was reapproved as a GE ecomagination product, confirming the significant operating and environmental performance improvements it delivers to customers. As a GE ecomagination product, reapproval must be sought every three years to reconfirm the validity of the product offering.
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NORWALK, Conn.--Monday, December 21, 2009-- GE Capital, Corporate Retail Finance today announced it served as sole lender for a $35 million asset-based credit facility to Loehmann's, Inc., an off-price retailer of designer fashions. The loan will be used for working capital needs.
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NORWALK, Conn.--Friday, December 18, 2009-- GE Capital, Restructuring Finance today announced it is co-collateral agent in a $250 million plan of reorganization credit facility for Nortek, Inc., a manufacturer of residential and commercial building products. The loan supports Nortek's pre-packaged exit from bankruptcy and ongoing working capital needs. GE Capital Markets served as joint-lead arranger.
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NORWALK, Conn.--Wednesday, December 09, 2009-- GE Capital, Corporate Finance today announced it provided a $30 million revolving credit facility to Harcros Chemicals Inc., a major distributor and producer of industrial chemicals. The loan refinances the company's existing credit and supports ongoing working capital needs. The facility may be increased to $35 million, subject to certain conditions.
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NORWALK, Conn.--Tuesday, December 08, 2009-- GE Capital, Corporate Finance today announced it is administrative agent for a $168 million cash flow credit facility for Blount International, Inc., a leading outdoor products manufacturer. The loan amends and extends an existing facility, and will be used for working capital needs. GE Capital Markets served as sole lead arranger.
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NORWALK, Conn.--Monday, December 07, 2009-- GE Capital, Corporate Retail Finance today announced it is co-collateral agent for a $625 million asset-based credit facility for The Bon-Ton Stores, Inc., a department store retailer. The loan will be used to refinance existing debt and for working capital needs. GE Capital Markets served as joint lead arranger.