GE Capital will acquire a majority stake in CitiCapital, the North American commercial lending and leasing business of Citigroup, in a cash transaction the companies expect to conclude by the third quarter of 2008. The deal will add roughly $13.4 billion in assets to GE Capital's Commercial Finance business. Among...
HOFFMAN ESTATES, Ill. -- GE Capital Solutions, Commercial Distribution Finance CDF, announced today that it signed an agreement with the National Association of Wholesaler-Distributors Service Corporation NAWSC to offer inventory financing to qualified industry member companies.
The Idea in Brief Half of all acquiring companies pay more for target firms than they're worth. Often it's because of executives' mental biases: Their interest in a deal keeps them from being objective about its value....
HOFFMAN ESTATES, Ill. -- GE Capital Solutions, Commercial Distribution Finance CDF, recently signed an exclusive agreement to provide inventory financing to BRP's Ski-Doo([R]), Sea-Doo([R]) and Can-Am[TM] dealers across the United States and Canada.
EDEN PRAIRIE, Minn. -- GE Capital Solutions Fleet Services announces an industry-first Hybrid Rebate Program for companies that lease hybrid vehicles. The rebate program is designed for customers that make significant investments in new technology aimed at improving their environmental performance.
BATON ROUGE, LA. -- Raising Cane's Inc., which has more than 60 chicken finger restaurants in 13 states, recently completed a $29.5 million financing deal with GE Capital Solutions-Franchise Finance.
GE Capital Solutions' Transportation Finance unit said it has launched a full range of financial solutions, from leases and loans to wholesale floor plan financing, to the medium-duty truck sector (Classes 4-7) specifically targeting operators and dealers of small and medium fleet sizes.
NEW YORK -- Fitch Ratings has taken the following rating actions on GE Capital home equity mortgage pass-through certificates. Unless stated otherwise, any bonds that were previously placed on Rating Watch Negative are removed from Rating Watch Negative. Additionally, 4 classes have been put on Rating Watch Negative.
HOFFMAN ESTATES, Ill. -- GE Capital Solutions, Commercial Distribution Finance CDF, announced that it increased the credit facility of Trillion Communications Corporation, a premier provider of electronic components to the telecommunications industry, to $30 million dollars. The credit facility provides the capital required for Trillion's rapid growth and addition of...
GE Capital Solutions, Franchise Finance is funding the ... GE Capital Solutions, Franchise Finance is funding the construction of six new hotels with a $60 million development line of credit.
NEW YORK -- Fitch Ratings places the following classes of GE Capital's commercial mortgage pass-through certificates, series 2001-1 on Rating Watch Positive: