HOFFMAN ESTATES, IL -- Ricoh Americas Corporation and GE Capital Commercial Distribution Finance today announced the launch of a finance program available for qualified dealers of Ricoh U.S. branded products including Ricoh, Savin and Lanier. The finance program offers dealers discounts, no interest financing and payment terms of up to 90 days.
NORWALK, Conn.--12 June 2009-- GE Capital, Corporate Finance today announced it served as co-administrative agent for a $230 million cash flow term loan to Transaction Network Services, Inc. (NYSE:TNS), a leading provider of secure data, network and telecommunications services. The new loan increases the company's existing credit facility to $423.5 million to support the acquisition of the Communication Services Group (CSG) from VeriSign, Inc.
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NORWALK, Conn.--02 June 2009-- GE Capital, Restructuring Finance today announced it provided a $75 million debtor-in-possession (DIP) credit facility to Caraustar Industries, Inc., one of North America's largest integrated manufacturers of 100% recycled paperboard and converted paperboard products. The loan will be used for working capital needs as the company restructures under Chapter 11.
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NORWALK, Conn.--02 June 2009-- GE Capital, Corporate Retail Finance today announced it co-led a $4 billion asset-based credit facility for Sears Holdings Corp., a leading retailer operating more than 3,800 stores throughout the U.S. and Canada. The loan will be used for working capital needs. GE Capital Markets served as joint lead arranger.
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NEW YORK--20 May 2009-- Peacock Equity, a joint investment fund of GE Capital's Media, Communications & Entertainment business and NBC Universal, today announced it has participated in a $7MM investment round for BlogHer, a leading participatory news, entertainment and information network for women online, along with two other investors.
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EDEN PRAIRIE, Minn.--18 May 2009-- GE Capital Fleet Services today announced it identified nearly $100 million in cost savings for customers in the first quarter of 2009. Over the last five years, GE has helped companies with commercial car and truck fleets maximize their return on their fleet investments by identifying nearly $2 billion in cost savings.
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EDEN PRAIRIE, Minn.--(BUSINESS WIRE)--Real-time asset data is viewed as the most critical information in effectively managing fleet operations, according to recent findings from a GE Capital Fleet Services' survey. More than half (56%) of those polled said the ability to track metrics, such as miles driven and fuel consumption, are key to their operations.
In addition, productivity metrics, which include tracking travel time and the number of jobs or deliveries per day, are seen as helpful for managing fleets by 26 percent of the respondents.
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Investment targets technology to capitalize on digital media publishing and advertising opportunities
NEW YORK, NY ― May 11, 2009 --- The Peacock Equity Fund, the joint venture between GE Capital's Media, Communications & Entertainment business, and NBC Universal, today announced it has joined an $8.25MM investment round for EveryZing, a leading provider of search and publishing technology for online content.
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NORWALK, Conn.--(BUSINESS WIRE)--GE Antares, GE Capital's private equity financing business, today announced it provided a $75 million asset-based loan facility to Motor Coach Industries (MCI) as part of the company's recapitalization enabling the company to emerge from Chapter 11.
MCI manufactures intercity coaches for the tour, charter, line-haul, scheduled service, and commuter transit sectors in the U.S. and Canada. The company also operates eight service centers in the U.S. and Canada and supplies aftermarket parts for most makes and models.
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NORWALK, Conn.--20 April 2009-- GE Capital, Restructuring Finance today announced it led a $125 million debtor-in-possession (DIP) credit facility to BI-LO, one of the largest supermarket chains in the Southeastern U.S. The loan will be used for working capital needs as the company restructures under Chapter 11. GE Capital Markets arranged the transaction.
Founded in 1964, BI-LO is a privately held company based in Mauldin, SC. The company operates 215 supermarkets in South Carolina, North Carolina, Georgia and Tennessee.