BNET Industries
General Electric Capital Corp. (GELK) is in the Financial Services Industry
Latest News and Analysis
Brunswick Comments on Rating Agency Action
LAKE FOREST, Ill., July 8 /PRNewswire-FirstCall/ -- Brunswick Corporation commented today on the announcement by Standard & Poor's Rating Services (S&P) that it had lowered its corporate credit rating on Brunswick from BBB- to BB+. Brunswick issued the following statement: ...
Favrille Announces Resolution of Debt Obligations and Plans for Maximizing Assets
SAN DIEGO, July 7 /PRNewswire-FirstCall/ -- Favrille, Inc. today announced that it has come to an agreement with its secured creditors, General Electric Capital Corporation and Oxford Financial Corporation Lenders. The agreement follows Favrille's recent announcement that the Lenders had received approximately $8.8 million as repayment of the...
Butler Reaches Agreement to Extend Credit Agreements
Butler International, Inc.(PINKSHEETS: BUTL), a leading provider of TechOutsourcing services,announced today that it has reached agreements with General ElectricCapital Corp ("GECC") and its term loan creditors to extend its line ofcredit and term loans until August 1, 2009. The agreements provide for acollateralized line of credit to Butler for...
Chesapeake Provides Refinancing Update
RICHMOND, Va., June 27 /PRNewswire-FirstCall/ -- Chesapeake Corporation today announced that it is continuing to work with a group led by GE Commercial Finance Limited and General Electric Capital Corporation on a new senior secured credit facility to provide long-term funding. The completion of the proposed new credit...
Life Time Fitness Announces New $34 Million Credit Facility and Exercise of Accordion Feature Under Existing Revolving Credit Facility
CHANHASSEN, Minn. -- Life Time Fitness, Inc.(NYSE:LTM) announced today that its wholly owned subsidiary issued variable rate demand notes in the amount of $34,235,000 on June 13, 2008, the proceeds of which will be used to provide permanent financing for the Company's corporate headquarters in Chanhassen, Minnesota, and a fitness...
Fitch Affirms GE Capital Corp.'s Credit Card Seller/Servicer Rating
NEW YORK -- Fitch Ratings has affirmed the following General Electric Capital Corporation GECC Credit Card Seller/Servicer Rating: --ABS Credit Card Seller/Servicer ('Proficient Plus'). The rating is based on the company's experienced management team, strong quality controls and the financial strength of its parent, General Electric...
Linens 'n Things Receives Final Court Approval for $700 Million DIP Financing
Company Remains on Track to Complete Chapter 11 Process in a Timely Manner CLIFTON, N.J. -- Linens Holding Co. ("LNT" or the "Company"), a leading home furnishings specialty retailer operating as "Linens 'n Things," announced today that the United States Bankruptcy Court for the District of Delaware entered...
Large block of space to go back on market
Linens 'n Things has filed for voluntary bankruptcy and is shutting down 120 underperforming stores, including three in the lower Hudson Valley region. The stores to close in Westchester County are a 57,000-square-foot location in the Midway Shopping Center on Central Park Avenue in Scarsdale and the 44,000-square-foot one...
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...
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...
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...
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...
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 ...
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...
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...
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...
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'; ...
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...
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...
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...
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- 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: 522291Brought to you by IBMSponsored Resources
