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General Electric Capital Corp. (GEC) is in the Financial Services Industry

Latest News and Analysis

  • Linens 'n Things Files Voluntary Petition Under Chapter 11 to Complete Financial Restructuring

    Home Furnishing Chain Remains Open For Business without Interruption; Company Secures $700 million in DIP Financing from General Electric Capital Corp. Restructuring Plan Includes Closure of 120 Underperforming Stores Company Chairman & CEO Robert DiNicola to become Executive Chairman; Financial Restructuring Expert, Michael Gries, Named Chief...

    Articles 2008-05-02

  • Fitch Downgrades Linens 'n Things' IDR to 'D'

    NEW YORK -- Fitch Ratings has downgraded its Issuer Default Rating IDR on Linens 'n Things, Inc. Linens to 'D' from 'C' and reaffirmed the ratings on Linens existing asset-backed revolver at 'CC/RR3' and the senior secured notes at 'C/RR5'. The Negative Rating Watch has been removed. Fitch expects to...

    Articles 2008-05-02

  • GE SeaCo Welcomes Agreement Among its Parent Companies

    BRIDGETOWN, Barbados, April 30 /PRNewswire/ -- GE SeaCo SRL, the international marine container lessor, welcomes a settlement agreement signed by its two parent companies, General Electric Capital Corporation ("GE") and Sea Containers Ltd. ("SCL") to resolve all of their disputes. The agreement will simplify the GE SeaCo...

    Articles 2008-04-30

  • Access Integrated Technologies' Digital Cinema Subsidiary Locks in 7.3 Percent Interest Rate

    - Two-Year Interest Rate Swap to Commence August 1, 2008 - MORRISTOWN, N.J., April 2, 2008 /PRNewswire-FirstCall/ -- Access Integrated Technologies, Inc. ("AccessIT") today announced that its subsidiary, Christie/AIX has completed an Interest Rate Swap also known as a "synthetic fixed rate financing" under which it...

    Articles 2008-04-02

  • Cott Announces New $250 Million Asset-Based Lending Credit Facility

    (All information in U.S. dollars) Cott Corporation (NYSE: COT)(TSX: BCB), announced today that it has entered into a new $250 million senior secured asset-based lending credit facility (the "ABL Facility") and that it has repaid all outstanding indebtedness under its previous credit facility and its receivables securitization facility. The ABL...

    Articles 2008-04-01

  • James Newman Joins EagleBank's Credit Department

    BETHESDA, Md., April 1, 2008 /PRNewswire-FirstCall/ -- James Newman will serve as EagleBank's new Vice President/Credit Department Manager under the direction of Senior Vice President and Chief Credit Officer Jan Williams. The department provides financial analysis support for the Bank's loan officers. Newman was First...

    Articles 2008-04-01

  • Cott Announces New $250 Million Asset-Based Lending Credit Facility.

    TORONTO, CANADA, Mar 31, 2008 Marketwire via COMTEX -- (All information in U.S. dollars) Cott Corporation (NYSE:COT)(TSX:BCB), announced today that it has entered into a new $250 million senior secured asset-based lending credit facility (the "ABL Facility") and that it has repaid ...

    Articles 2008-03-31

  • Prime Group Realty Trust Announces Refinancing of 330 North Wabash Avenue

    CHICAGO -- Prime Group Realty Trust (NYSE: PGEPRB), a Chicago-based real estate investment trust ("PGRT" and the "Company"), announced today that its affiliate that sold floors 2 through 13 of 330 N. Wabash Avenue to a hotel developer on March 18, 2008, simultaneously refinanced the remaining portion of the Property...

    Articles 2008-03-24

  • Celevoke, Inc., a Current Technology Operating Company, Updates Mexico

    VANCOUVER, British Columbia & NEW YORK -- Current Technology Corporation (OTCBB: CRTCF) and MSGI Security Solutions Inc. (OTCBB: MSGI) today announced Current Technology's 51% owned subsidiary Celevoke, Inc. ("Celevoke"), during the past 60 days, has sold 400 Telematics units to its distributor in Mexico for installation in vehicles financed or...

    Articles 2008-03-12

  • They have issues: new black-owned investment bank nets $90 billion in managed issues

    IF THE MARK OF A SUCCESSFUL investment firm is repeat business, then CastleOak Securities L.P. is marking its territory all the way to the bank. Since July 2006, the company has co-managed multiple deals for more than 35 blue-chip clients. Less than a month after receiving approval from...

    Articles 2008-03-01

  • Fitch Affirms GE 2002-1

    NEW YORK -- Fitch Ratings affirms General Electric Capital Commercial Mortgage Corp., series 2002-1, as follows: --$99.6 million class A-2 at 'AAA'; --$595.2 million class A-3 at 'AAA'; --Interest-only classes X-1 and X-2 at 'AAA'; --$36.3 million class B at 'AAA'; ...

    Articles 2008-02-20

  • Rand Logistics Amends Credit Facility with General Electric Capital Corporation

    Increases Facility to Approximately $100 Million NEW YORK -- Rand Logistics Inc. (Nasdaq: RLOG; RLOGW; RLOGU) ("Rand") today announced that it has entered into an Amended and Restated Credit Facility Agreement with General Electric Capital Corporation ("GE Capital"). The amended credit facility with GE Capital increases...

    Articles 2008-02-14

  • Business briefs

    GE gives up one financial enterprise, enters another Two recent developments at General Electric Co. might leave some wondering if the widely diversified conglomerate is looking to focus again on the electrical business after years of expanding into areas like consumer lending. A recent plan by General Electric...

    Articles 2008-02-01

  • PHH Scraps GE, Blackstone Deal

    PHH Corp., a provider of mortgages and services for managing vehicle fleets, said it ended a $1.8 billion agreement to be bought by General Electric Capital Corp. and The Blackstone Group because the private equity company could not line up financing for the deal. General Electric Capital, the consumer...

    Articles 2008-02-01

  • Fitch Affirms PHH's IDR at 'BBB+'; Rating Outlook Negative

    NEW YORK -- Fitch Ratings has affirmed PHH Corporation's (NYSE: PHH) long-term Issuer Default Rating IDR of 'BBB+' and short-term IDR of 'F2'. Fitch has also removed all ratings from Rating Watch Evolving and has assigned a Negative Rating Outlook. Approximately $1.8 billion is affected by this action. ...

    Articles 2008-01-10

  • Fitch Affirms East Coast Power LLC's Bonds at 'BBB'

    CHICAGO -- Fitch Ratings has affirmed East Coast Power LLC's series B $850 million ($320.4 million outstanding) senior secured notes due 2008, 2012 and 2017 at 'BBB'. The rating affirmation reflects the project's continued strong financial performance and reduced total leverage. In 2006, the debt service coverage ratio DSCR for...

    Articles 2008-01-08

  • Fleet Services Firm PHH Scraps Buyout

    PHH Corp., the parent of fleet services provider PHH Arval, said Jan. 1 it had abandoned a $1.8 billion buyout offer from General Electric Capital Corp. and private equity firm Blackstone Group because Blackstone could not secure financing. GE Capital, General Electric Co.'s consumer and commercial finance unit, and Blackstone...

    Articles 2008-01-07

  • Fleet Services Firm PHH Scraps Buyout

    PHH Corp., the parent of fleet services provider PHH Arval, said Jan. 1 it had abandoned a $1.8 billion buyout offer from General Electric Capital Corp. and private equity firm Blackstone Group because Blackstone could not secure financing. GE Capital, General Electric Co.'s consumer and commercial finance unit, and...

    Articles 2008-01-07

  • Paladin Holdings, Inc. Releases Southland Update Regarding Emergystat of Sulligent

    Paladin Holdings, Inc. (OTCBB: PLHI) releasesits Southland update regarding Emergystat of Sulligent. At the request ofGeneral Electric Capital Corporation ("General Electric"), a court todayhas ordered Emergystat of Sulligent, Inc. ("Sulligent"), a wholly ownedsubsidiary of Southland Health Services, Inc. ("Southland"), operator ofambulance and emergency medical services in certain Alabama counties,...

    Articles 2007-12-21

  • GLSV invests in Pelikan Technologies-revised press release

    Global LifeScience Ventures GLSV today announced that it has investedin a $69 million Series F financing round in PelikanTechnologies. The company, based in PaloAlto, California, is developing innovative hand-held diagnosticandmonitoring devices capable of significantly improving thescreeningand management of...

    Articles 2007-12-06

  • Incorporated: 1943

General Electric Capital is engaged in financing the distribution and sale of customer and other product of General Electric Company. Commercial Finance provides loans, financing and operating leases, and other services for customers, including manufacturers, distributors and end-users. Consumer Finance is a provider of credit products and services to consumers, retailers and auto dealers in 38 countries. Equipment Management provides rentals, leases, sales, asset management services and loans for portfolios of commercial and transportation equipment. Insurance offers a broad range of insurance and investment products.

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General Electric Capital Corp. Company Info

Board of Directors

Dennis D. Dammerman

Chmn.

Michael A. Neal

David R. Nissen

Ronald R. Pressman

John M. Samuels

Keith S. Sherin

Robert C. Wright

James A. Parke

Vice-Chmn.

David L. Calhoun

James A. Colica

Brackett B. Denniston

Arthur H. Harper

Jeffrey R. Immelt

Robert Jeffe

John H. Myers

Contact Information

260 Long Ridge Road

Stamford, CT

203 357-4000

NAICS Code

Consumer Lending: 522291
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