NORWALK, CT -- February 18, 2014 -- GE Capital, Corporate Finance today announced it is serving as administrative and collateral agent on $600 million in senior credit facilities for auction house Sotheby's, (NYSE: BID) . The financing will be used for working capital and general corporate purposes. GE Capital Markets served as joint lead arranger and joint book runner on the facilities.
Realized Savings of $209 Million Achieved Primarily Through Replacement and Leasing Strategies
Eden Prairie, Minn. -- February 18, 2014 -- GE Capital Fleet Services today announced it identified $481 million in potential cost savings for customers in 2013, with customers realizing $209 million in actual savings as a result. By analyzing customer fleet data, GE Capital Fleet Services highlights areas for savings and has identified $1.2 billion potential savings opportunities for customers since 2011.
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SCOTTSDALE, AZ --- GE Capital, Franchise Finance has provided Armadillo Ventures, LLC, a Texas Roadhouse franchisee, with a $12 million senior credit facility comprised of a $9 million term loan and a $3 million development line of credit. The funds will be used to refinance existing debt and to build and operate a new restaurant location.
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SCOTTSDALE, AZ --- GE Capital's Franchise Finance business announced today that it provided $43 million in senior credit to WKS Restaurant Corp. The credit facility was used to substantially recapitalize the company. GE Capital serves as administrative agent and GE Capital Markets served as sole lead arranger and bookrunner on the facility.
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BETHESDA, MD -- FEB. 05, 2014 --- GE Capital, Healthcare Financial Services, announced today that it has provided a $5 million senior secured term loan credit facility to Tangent Medical, Inc., an intravenous therapy products company. GE Capital, Healthcare Financial Services is acting as agent and sole lender for the credit facility. The financing will be used to support the company's commercialization and development efforts.
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Currently available in six countries with expansion planned
CHICAGO, IL --- GE Capital, Commercial Distribution Finance (CDF) has been selected by Dell Financial Services (DFS) as a financing source for channel partners selling Dell products and services. In addition to select countries in North America and Europe where financing is currently available, both parties intend to continue expanding the program in 2014 and beyond.
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MONTRÉAL (QC), 3 fev. 2014 --- La division canadienne de Financement de franchises de GE Capital a annoncé aujourd'hui qu'elle a accordé une créance de premier rang à Bayview Hospitality Group Inc., une société hôtelière de gestion et de développement dont le siège social se situe à Toronto. Les fonds serviront au refinancement de la dette existante et permettront aux partenaires opérationnels de racheter les parts des actionnaires ayant investi dans quatre propriétés --- trois Homewood Suites et un Hampton Inn & Suites dans la région du Grand Toronto.
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MONTREAL (QC) --- GE Capital's Canadian Franchise Finance business announced today that it has provided senior debt to Bayview Hospitality Group Inc., a hotel management and development company headquartered in Toronto, that will be used to refinance existing debt and allow operating partners to buy out the investor shareholders of four properties --- three Homewood Suites and one Hampton Inn & Suites in the greater Toronto area.
Bayview Hospitality operates six hotels with a total of 1,006 rooms.
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NORWALK, CT -- January 28, 2014 -- GE Capital announced today that it is serving as administrative agent on a $100 million multi-currency revolving credit facility for Billabong International, the Australia-based sports-apparel company. The new credit facility, which closed in December, will be used to refinance existing debt and provide working capital to support the company's growth. GE Capital Markets served as lead arranger on the facility.
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NORWALK, CT -- January 27, 2014 -- GE Capital, Corporate Finance today announced it is serving as agent and sole lender on a $70 million senior credit facility for Shop-Vac Corporation, a leading manufacturer of wet/dry vacuums. The credit facility will be used for working capital and general corporate purposes, and to support the company's international growth.