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News Stories (282 Results) - Ge Capital

MUFG Americas Holdings Corporation (MUAH) and GE Capital announced the signing of an agreement where MUFG Union Bank, N.A., a subsidiary of MUAH, will acquire Trade Payable Services (TPS), a leading supply chain finance platform, from GE Capital.... Read Story
January 17, 2019, 07:56 AM


TIAA Bank announced the acquisition of a $1.5 billion portfolio of healthcare equipment leases and loans from GE Capital’s Healthcare Equipment Finance (HEF) business. This significantly expands TIAA Bank’s commercial banking business and enhances... Read Story
November 16, 2018, 08:01 AM


First Horizon National Corporation announced executive leadership appointments and a realignment of its consumer and wholesale banking segments to advance its long-term strategic objectives. Todd Jones, previously Managing Director and Group Head of... Read Story
November 05, 2018, 07:07 AM


Funds managed by affiliates of Apollo Global Management, LLC together with its consolidated subsidiaries,  and GE Capital announced they have entered into a definitive agreement for the Apollo Funds to acquire an approximately $1 billion portfolio... Read Story
October 09, 2018, 07:30 AM


Starwood Property Trust, Inc. announced that the company has entered into a definitive agreement to acquire GE Capital's Energy Financial Services' Project Finance Debt Business (Energy Project Finance Debt Business) and loan portfolio for $2.56... Read Story
August 08, 2018, 08:00 AM


TD Bank has named Gene Van Vort as Managing Director of New Business Development in Asset Based Lending. Based in Boston, he is responsible for delivering ABL financing solutions from $20 million to over $1 billion to new and existing clients... Read Story
June 18, 2018, 07:11 AM


Opus Bank announced that Patrick J. Rounds, a 34-year banking veteran, has joined Opus as Senior Managing Director, Healthcare Banking. Rounds will be responsible for further expanding, and providing capital financing and banking solutions to Opus’... Read Story
May 30, 2018, 08:08 AM


Encina Business Credit, LLC (EBC) announced that Michael Lustbader, Roger Tauchman and Chad Seyfert have joined the company as Senior Managing Director of Underwriting, Managing Director of Underwriting, and Director of Underwriting... Read Story
May 04, 2018, 08:00 AM


Pennybacker Capital, LLC, announced the appointment of Dave Stahl as Managing Director, Distressed Credit and Special Situations. His primary responsibilities will include overseeing investments within the Special Situations strategy and expanding... Read Story
January 30, 2018, 07:07 AM


Encina Equipment Finance (EEF) announced that it has signed an agreement with Executive Consultant Lou Vigliotti to help expand EEF’s capital markets origination and execution capabilities. Vigliotti was a founding member of GE Capital’s Equipment... Read Story
January 05, 2018, 08:00 AM


Global alternative asset manager The Carlyle Group announced that Inoki Suarez has joined the firm as Managing Director for the firm’s Private Credit business within the Global Credit platform. Suarez joined last month and is based in New York.  In... Read Story
December 18, 2017, 08:00 AM


Carl Marks Advisors, a restructuring advisory and investment banking firm to middle market companies, announced that Patrick Flynn has joined the firm as Managing Director, responsible for business development and providing financial advisory... Read Story
September 22, 2017, 07:41 AM


Encina Capital Partners announced that Robert McMahon has joined the firm as Chief Operating Officer. Based in Encina’s office in Stamford (CT), Mr. McMahon will be responsible for a broad range of key commercial, operational and strategic functions... Read Story
August 02, 2017, 07:30 AM


People’s United Bank announced that Michael J. Reilly has joined People’s United Business Capital (PUBCAP) as Senior Vice President, responsible for new business originations in the Connecticut, Westchester and Long Island regions. Reilly will be... Read Story
July 28, 2017, 07:10 AM


GE announced that John Flannery, current President and CEO of GE Healthcare, has been named CEO of the company by the GE Board of Directors effective August 1, 2017 and Chairman and CEO effective January 1, 2018.  Jeff Immelt, Chairman and CEO, will... Read Story
June 12, 2017, 08:00 AM


Encina Capital Partners, LLC (Encina) and an affiliate of certain funds managed by Oaktree Capital Management, L.P. (Oaktree Investor) together announced today that they have launched Encina Equipment Finance, LLC (EEF), a new independent equipment... Read Story
June 06, 2017, 07:33 AM


Jeffrey Hecktman, Chairman and CEO of Hilco Global, announced the appointment of Paul Feehan as Chief Financial Officer at the international financial services holding company. Feehan will be responsible for managing the finance operation for the... Read Story
April 21, 2017, 07:16 AM


Webster Bank named three bankers to the position of senior vice president, commercial banking:Stephen Burke has joined Webster, bringing with him more than 10 years of banking experience. Most recently, he worked for Antares Capital and GE Capital.... Read Story
March 02, 2017, 07:45 AM


Crestmark President and COO Mick Goik announced the promotion of Ray Morandell to executive vice president, national sales director. “Crestmark has marked its 20th year of helping small- and medium-sized businesses access the funding they need to... Read Story
December 15, 2016, 07:44 AM


Marquette Business Credit announced the addition of Stephen Shelton to its Business Development team. Shelton joins Marquette as a Senior Vice President, Business Development Officer and will work out of Marquette’s newest location in New York City... Read Story
December 13, 2016, 07:36 AM


Antares Capital announced the appointment of Peter Nolan to senior managing director, head of Loan Syndicate, Sales and Trading. Effective January 1, 2017, Nolan will take the place of Kevin Burke, who will retire after more than 40 years in the... Read Story
December 07, 2016, 07:24 AM


David J. Turco, a veteran corporate finance and business development specialist, has been named Business Development Director of AloStar Capital Finance with responsibility for the six-state New England area. Turco will focus on raising the... Read Story
November 30, 2016, 07:40 AM


CIT Group Inc. announced the appointment of Marisa J. Harney as Executive Vice President, Chief Credit Officer, effective immediately. Harney will report directly to Executive Vice President and Chief Risk Officer Robert Rowe.“We are pleased to have... Read Story
November 09, 2016, 07:47 AM


TCF Capital Funding, a division of TCF National Bank which is a subsidiary of TCF Financial Corporation, announced the hiring of Mason Valadez as Senior Associate and LeeAnn Racevice as a Collateral Analyst.Valadez will be involved in all aspects of... Read Story
October 26, 2016, 07:48 AM


First Tennessee Bank is expanding its focus on businesses with specialized banking needs by hiring bankers with extensive experience in four areas: franchise finance, healthcare finance, music industry banking and structured equipment finance. By... Read Story
October 19, 2016, 07:56 AM


Super G Funding, a leading national provider of residual and cash flow based loans to lower middle market businesses, announced the hiring of Steve Bellah. Based in Dallas, Bellah is joining Super G to help scale the growing Cash Flow Lending... Read Story
October 18, 2016, 07:43 AM


Cortland Capital Market Services, a leading global investment servicing company, announced today that Jason Hutton has joined the company as a director within Cortland's Successor Agency Services Group.  Reporting to Joanna Anderson, head of Cortland... Read Story
October 13, 2016, 07:20 AM


City National Bank announced it has hired David Hasenbalg as a national food and beverage manager to build a team of experienced bankers who can bring financial solutions to the food and beverage industries.Hasenbalg has more than 20 years of... Read Story
September 30, 2016, 07:39 AM


CIT Group announced that CIT Franchise Finance added four sales professionals to its Mid-Cap Restaurant Franchise Finance group.“These new members of our sales team bring long-standing experience in the restaurant industry as well as exceptional... Read Story
September 22, 2016, 07:29 AM


Wells Fargo Commercial Distribution Finance (CDF) is launching a new financing program with National Powersports Auctions (NPA), a leading provider of auction and remarketing services in the powersports industry. The program will give independent... Read Story
September 19, 2016, 07:20 AM


Opus Bank announced Sharmila Solanki has joined Opus as Managing Director, Healthcare Banking. Solanki, a 26-year banking veteran, is responsible for providing senior debt financing and banking solutions to hospitals, skilled nursing facilities... Read Story
September 13, 2016, 02:06 PM


Cambridge Trust Company announced the appointments of Chris O’Connor, Senior Vice President and Peter Coates, Vice President to lead their new Asset Based Lending (ABL) practice.“The Bank made the strategic decision to add asset based lending... Read Story
September 13, 2016, 07:44 AM


Wells Fargo Capital Finance (UK) Limited continues to demonstrate its long-term commitment to the UK market by announcing that it has appointed Neil Kerridge to the role of Director, Regional Underwriting Manager. Based in the London office, Kerridge... Read Story
September 13, 2016, 07:36 AM


Business Capital, a leading commercial finance firm, has strengthened its industry presence with the appointment of two new managers, Dominic Randolph and Joe LaBarbera, and the promotion of Reed Upson. All are based in the San Francisco office and... Read Story
September 07, 2016, 07:32 AM


EverBank Business Capital announced the hiring of Ernie Meland, business development manager. Meland will be a generalist for all of the industries EverBank serves. Meland has over two decades of proven success in originating, structuring, and... Read Story
September 07, 2016, 07:29 AM


GE announced Richard A. Laxer, GE Capital International president and CEO, will lead GE Capital effective September 1, 2016 as president and CEO. Keith S. Sherin, GE vice chairman and GE Capital chairman and CEO, will retire from GE effective... Read Story
August 31, 2016, 07:41 AM


Monroe Credit Advisors announced Kent Foster has joined the firm as vice president in its Chicago office. Foster will be responsible for assisting in the execution of client engagements.Prior to Monroe, Foster was a vice president at GE Capital where... Read Story
August 24, 2016, 07:44 AM


Sterling National Bank announced today that Terry O'Grady has joined as Managing Director. He will be leading the sales effort for the Asset Based Lending Group in the Midwest Region, providing asset-based and commercial loans to middle market... Read Story
August 22, 2016, 08:11 AM


MB Business Capital has opened a new office in Vancouver, Washington and announced that Kevin Schrader has joined its middle-market asset-based lending team as senior vice president. Scharder will source asset-based lending opportunities for MB... Read Story
August 16, 2016, 07:52 AM


Capital One announced that Bob McCarrick has joined its Middle Market banking team as Executive Vice President and Head of Middle Market Relationships. In this role, he is responsible for regional middle-market banking efforts throughout the East... Read Story
August 09, 2016, 07:43 AM


Hearst Business Media and Fitch Group announced the formation of the Financial Venture Fund, focusing on investing in early-stage financial information, service and technology companies.The new fund will be led by former Managing Director for Bank of... Read Story
August 04, 2016, 07:09 AM


Triumph Healthcare Finance, a division of TBK Bank, SSB , announced the hiring of Mark Locher as vice president of business development. In his role, Locher will expand Triumph’s presence into California where they see an increasing demand from the... Read Story
July 21, 2016, 07:33 AM


Signature Bank announced that several new professionals joined both the Bank’s specialty equipment finance subsidiary, Signature Financial LLC, as well as its asset-based lending (ABL) group.On the asset-based lending side, three professionals were... Read Story
July 14, 2016, 08:00 AM


Billabong International Limited has entered into a new U.S.$100 million asset-based credit facility with Bank of America Merrill Lynch. The Bank of America asset-based lending agreement replaces the GE Capital facility that was entered into in... Read Story
July 14, 2016, 07:53 AM


Citizens Bank announced Brent Hazzard has been named Head of Structured Finance at Citizens Commercial Banking.Hazzard joins Citizens from GE Capital where he had served as a leader in both GE’s Restructuring and Distressed Debt businesses.... Read Story
July 08, 2016, 08:06 AM


GE announced that it has received approval of its request to the Financial Stability Oversight Council (FSOC) for rescission of GE Capital’s designation as a nonbank Systemically Important Financial Institution (SIFI).The FSOC’s decision reflects the... Read Story
June 30, 2016, 07:37 AM


Monroe Capital LLC announced Steve Hinrichs has joined the firm as Managing Director in its Los Angeles office. Hinrichs will serve as the firm’s Group Head for the Southern California region.“We are very excited to add Steve to the Monroe Capital... Read Story
June 29, 2016, 08:03 AM


Great Rock Capital Partners announced the hiring of Lori Potter as Managing Director of Originations to source and evaluate investment opportunities, and Christina Zielinski as Vice President of Portfolio and Underwriting."Lori Potter is a first... Read Story
June 29, 2016, 07:51 AM


GE has entered into separate agreements with three buyers to sell the bulk of GE Capital’s U.S. restaurant franchise financing assets. The combined transactions represent ending net investment (ENI) of approximately $1.4 billion as of first quarter... Read Story
June 28, 2016, 07:54 AM


People’s United Bank announced that former GE executives Patrick Lee and Tom Noto have joined the People's United Business Capital (PUBCAP) team in the New York Metro area.  Lee joins PUBCAP’s Asset Based Lending Business Development team as a Senior... Read Story
June 23, 2016, 07:57 AM


People’s United Bank announced that David J. Viggiano has joined the People’s United Business Capital (PUBC) as Senior Vice President and Sales Manager, responsible for new business originations in the for the New York, New Jersey, and Philadelphia... Read Story
June 06, 2016, 07:56 AM


Bill Connelly, member of the Management Board Banking and Head of ING Wholesale Banking, announced his retirement. He will step down from the Management Board Banking as of 1 November 2016. Connelly will be succeeded by Maria Isabel Fernandez Niemann... Read Story
June 01, 2016, 08:03 AM


Sprott Asset Management announced that Ramesh Kashyap has joined the firm as senior vice president of Sprott’s Alternative Income Group. Kashyap will enhance Sprott’s due diligence and oversight capabilities and help maintain the firm’s commitment to... Read Story
May 27, 2016, 07:30 AM


Wells Fargo Capital Finance announced Eric Baymiller will lead Direct Loan Originations for the Western U.S.  The Loan Originations Group, led by Jim Marasco, delivers flexible and customizable asset-based financing structures to a wide range of... Read Story
May 24, 2016, 07:51 AM


Encina Business Credit, LLC (EBC) announced Thomas Sullivan and Sean Sheehan have joined the company as Chief Credit Officer and Managing Director, respectively. Based in the company’s Chicago headquarters, Mr. Sullivan will be responsible for... Read Story
May 19, 2016, 08:03 AM


Wells Fargo & Company has named leaders for its Equipment Finance and Commercial Distribution Finance (CDF) Canada divisions following the completed acquisition of GE Capital’s Direct, Vendor and CDF businesses earlier this year. Continuing to... Read Story
May 19, 2016, 07:58 AM


Wells Fargo Capital Finance (UK) Limited has demonstrated its continued long term commitment to the North of England  by announcing today that  it has appointed Tom Weedall to the role of director, Loan Originations. Based in their Manchester office... Read Story
May 12, 2016, 08:00 AM


WhiteHorse Finance announed that on May 2, the Company's Board of Directors appointed Stuart Aronson as Chief Executive Officer, effective May 23, 2016. Jay Carvell, the Company's current Chief Executive Officer, will continue to serve as a member of... Read Story
May 05, 2016, 08:28 AM


WNB Specialty Finance announced the addition of Michael Goletz as Senior Vice President, Business Development Officer. Goletz will assist in expanding WNB’s North American presence by originating senior secured debt facilities for companies in the... Read Story
May 05, 2016, 08:06 AM


HCA announced that Suzanne Santos has joined the company as Senior Vice President Operations & Chief Credit Officer responsible for leading the company’s North American Credit and Operations functions.Santos brings over 25 years of experience in risk... Read Story
April 29, 2016, 08:14 AM


CapitalSource announced Brett Hewitt has joined CapitalSource’s Corporate Asset Finance team as a senior vice president of originations. He will be based in Austin, TX, and will be responsible for sourcing and originating equipment finance loans in... Read Story
April 28, 2016, 07:20 AM


GE has completed the previously announced sale of GE Capital’s Franchise Finance U.S. hotel business to Western Alliance Bank, a wholly owned subsidiary of Western Alliance Bancorporation (NYSE: WAL). The sale includes approximately $1.3 billion in... Read Story
April 25, 2016, 07:46 AM


Wells Fargo & Company (WFC) reported $5.5 billion in net income for a return on assets (ROA) of 1.21%, down 2% on a linked-quarter basis and down 6% from a year ago, according to Fitch Ratings. Earnings were impacted by an expected energy-related... Read Story
April 15, 2016, 07:46 AM


Canadian Western Bank announced its recent signing of an asset purchase agreement to acquire GE Capital's Canadian Franchise Finance business. The business provides financing across Canada to a diverse group of established companies in the... Read Story
April 08, 2016, 07:33 AM


Triumph Business Capital, member of the Triumph Bancorp, Inc. group and provider of invoice factoring solutions to small- and medium-sized businesses, announced the addition of Carol Apicella as Vice President, Business Development Officer. She will... Read Story
April 06, 2016, 08:02 AM


GE announced on April 1, 2016 that it has completed the previously announced sale of its commercial lending and leasing business in Japan, including Capital Finance, Fleet Services and Vendor Finance, to Sumitomo Mitsui Finance and Leasing Company... Read Story
April 04, 2016, 07:49 AM


Great Rock Capital Partners, a Connecticut-based investment management firm specializing in middle-marketing lending, announced Jim Hogan has joined the firm as Chief Risk Officer. Mr. Hogan will oversee the firm's risk management, including, leading... Read Story
April 01, 2016, 07:48 AM


GE continues to quickly and successfully execute the transformation of GE Capital into a smaller, more focused financial services firm. Today, GE filed its request to the Financial Stability Oversight Council (FSOC) for rescission of GE Capital’s... Read Story
March 31, 2016, 08:09 AM


Huttig Building Products, a leading domestic distributor of millwork, building materials and wood products, has entered into an agreement to add both Bank of America, N.A., and JPMorgan Chase Bank, N.A. to its $160 million senior secured credit... Read Story
March 22, 2016, 07:48 AM


Private debt specialist Old Hill Partners Inc. has brought former GE Capital executive Shila Ray aboard as Financial Officer. Ray will be responsible for overall finance and fund accounting functions at the company and has been named to the firm's... Read Story
March 22, 2016, 07:41 AM


Encina Capital Partners, an investment firm focused on specialized lending and leasing platforms, and an affiliate of certain funds managed by Oaktree Capital Management, L.P. (“Oaktree Investor”) announced that they have launched Encina Business... Read Story
March 15, 2016, 07:56 AM


Wells Fargo & Company announced that it has completed the purchase of the North American portions of GE Capital’s Commercial Distribution Finance and Vendor Finance businesses as well as a portion of its Corporate Finance business, totaling $27.4... Read Story
March 02, 2016, 07:24 AM


H.I.G. Capital (“H.I.G.”), a leading global alternative asset firm with $19 billion of equity capital under management, announced that Stuart Aronson, former Head of GE Capital’s Sponsor Finance Group, has joined H.I.G. WhiteHorse as Group Head of... Read Story
February 18, 2016, 07:45 AM


NXT Capital announced the promotion of Stacia Kopplin to Managing Director of Risk Management. Kopplin assumes responsibility for NXT Capital’s risk management activities which include loan review, operational risk management, risk rating... Read Story
February 16, 2016, 08:11 AM


Following a quarter of strong revenue growth, U.S. middle-market companies reported stable growth to close 2015, even as rate of increase in employment flattened and confidence in the economy fell. These findings headline the National Center for the... Read Story
January 28, 2016, 07:55 AM


Antares Capital announced that it recently finalized the hiring of its Loan Syndication, Sales and Trading team led by industry veteran, Kevin Burke.The team, hired from GE Capital, includes managing directors Anthony Diaz, Mark Familo, Erica... Read Story
January 27, 2016, 08:07 AM


GE Capital, Corporate Finance announced it is serving as lead arranger on a $180 million senior secured credit facility for Arbor Investments, a Chicago, IL-based food and beverage private investment firm. The financing will be used to acquire a... Read Story
December 28, 2015, 08:02 AM


Great Rock Capital Partners (Great Rock), a Connecticut-based investment management firm, announced the launch of its lending platform that will provide asset-based and asset-backed loans for middle market companies whose financing needs are not... Read Story
December 16, 2015, 08:04 AM


GE has signed an agreement to sell its commercial lending and leasing business in Japan, including Capital Finance, Fleet Service and Vendor Finance, to Sumitomo Mitsui Finance and Leasing (SMFL), a member of Sumitomo Mitsui Financial Group. The... Read Story
December 15, 2015, 08:04 AM


GE announced that it has completed more than $100 billion in previously announced portfolio and business unit sales as part of its strategy to significantly reduce the size of GE Capital and apply for de-designation as a systemically important... Read Story
December 10, 2015, 08:13 AM


GE Capital, Corporate Finance announced it is administrative agent and lender on a $125 million revolver for Shearer’s Foods, LLC, a leading manufacturer and distributor of snack products. The financing will be used for the acquisition of three... Read Story
December 09, 2015, 07:57 AM


Related: Ge Capital, General Electric Capital, General Electric Company, MexicoGE has signed an agreement to sell its equipment lending and leasing business in Mexico to Linzor Capital Partners, a leading pan-regional private equity firm that focuses... Read Story
December 07, 2015, 08:17 AM


Siena Lending Group continues to expand its nationwide platform with today’s announcement of the hiring of Steve Bellah as the Southwest Regional Director. Bellah, a highly seasoned ABL veteran, will be focused on originating middle-market... Read Story
December 03, 2015, 08:17 AM


GE announced that it has signed a memorandum of understanding (MOU) for the potential sale of its Equipment Finance and Receivable Finance businesses in France and Germany to Banque Fédérative du Crédit Mutuel (BFCM), representing ending net... Read Story
December 03, 2015, 08:13 AM


GE has signed an agreement to sell a portfolio of first lien mortgage loans from its UK Home Lending business, representing aggregate ending net investment (ENI) of approximately US$5.8 billion, to an investment consortium made up of opportunistic... Read Story
November 23, 2015, 07:00 AM


GE has reached an agreement to sell GE Capital’s Commercial Lending and Leasing portfolios in Australia and New Zealand (A&NZ) to Sankaty Advisors, the global credit affiliate of Bain Capital, advised and partially financed by Deutsche Bank. The... Read Story
November 09, 2015, 07:35 AM


U.S. middle-market companies continue to report strong revenue growth and confidence in the domestic economy, even as their level of comfort in the global economy and attitude toward investing in their business diminishes amid slowdowns in... Read Story
October 29, 2015, 07:36 AM


Bloomberg reported General Electric beat analysts’ third-quarter earnings estimates, buoyed by gains in the aviation and transportation units. However, sales fell short of projections. According to the Bloomberg report, GE’s oil and gas revenue... Read Story
October 16, 2015, 07:23 AM


Wells Fargo & Company announced that it has signed an agreement to purchase GE Capital’s Commercial Distribution Finance and Vendor Finance platforms as well as a portion of its Corporate Finance business. The acquisition includes total assets of... Read Story
October 14, 2015, 07:58 AM


The National Center for the Middle Market (NCMM) and Cherry Bekaert LLP, a growth-oriented CPA firm, announced today findings from its ”Organizing for Innovation in the Middle Market” study. The research, which examined perspectives on innovation... Read Story
October 14, 2015, 07:46 AM


According to an exclusive Reuters report, GE is in advanced talks to sell a specialty finance portfolio, worth more than $30 billion, to Wells Fargo & Co, according to a person familiar with the matter.According to the Reuters report, Wells Fargo has... Read Story
October 12, 2015, 07:54 AM


Trian Fund Management, L.P. disclosed that it has become a top ten shareholder of GE with a beneficial ownership of 98.5 million GE shares currently valued at approximately $2.5 billion. GE is now Trian’s largest investment.Trian Principals Nelson... Read Story
October 05, 2015, 07:57 AM


White Oak announced Christopher Gouskos has joined the firm as Managing Director of Originations. With over 20 years of experience in commercial and corporate finance, Gouskos will be responsible for originating and underwriting new investment... Read Story
September 30, 2015, 08:05 AM


Wells Fargo Capital Finance, the asset-based lending (ABL) division of Wells Fargo & Company, announced the addition of healthcare finance veteran Jason Dufour to its Healthcare Finance Group.  Based in McLean, VA, Dufour’s efforts will be  focused... Read Story
September 23, 2015, 08:03 AM


Bloomberg reported KKR & Co. and Apollo Global Management are seeking to acquire GE's inventory finance arm, a unit with $11 billion in assets people familiar with the matter said.According to Bloomberg, the buyout firms made bids two weeks ago for... Read Story
September 14, 2015, 07:28 AM


GE has reached an agreement to sell its GE Capital, Transportation Finance business in the U.S. and Canada to BMO Financial Group (BMO).“With the sale of our Transportation Finance business to BMO, we have again found a buyer with a customer centric... Read Story
September 11, 2015, 07:55 AM


Cowen Group, Inc. announced the formation of the Special Situations Group at Cowen and Company. Lorie Beers, who joins the firm as Managing Director and Head of Special Situations, will be supported by a talented team that includes Jeff Knopping, who... Read Story
September 10, 2015, 08:07 AM


Physiotherapy Corporation announced it has acquired Therapy Plus, a seven-facility physical and occupational therapy provider in Milwaukee, WI.  This follows its recent integration with the Anderson Orthopedic Clinics in northern Virginia and a joint... Read Story
August 28, 2015, 07:29 AM


Wells Fargo announced John Coad has been named national sales manager for SBA Lending. A senior sales leader with 30 years of experience in commercial lending, including SBA lending and small business leadership roles at GE Capital, Coad will lead a... Read Story
August 26, 2015, 08:02 AM


PNC Bank, N.A. announced the addition of Michele Scafani, senior vice president and senior business development officer with the senior secured financing team in the Western Region.  Based in San Francisco, Scafani will be responsible for business... Read Story
August 25, 2015, 07:39 AM


GE has completed the previously announced sale of its U.S. Sponsor Finance business and a bank loan portfolio, representing aggregate ending net investment (ENI) of approximately $10 billion, to Canada Pension Plan Investment Board (CPPIB) in a... Read Story
August 24, 2015, 07:53 AM


GE announced an agreement to sell GE Capital Bank’s U.S. online deposit platform along with all deposits of GE Capital Bank, including online savings accounts, online CDs and brokered CDs, to Goldman Sachs Bank USA (“GS Bank”). Under this agreement... Read Story
August 14, 2015, 07:52 AM


GE announced that it has reached an agreement to sell $8.5 billion of healthcare-related loans and its Healthcare Financial Services (HFS) U.S. lending business to Capital One for approximately $9 billion. Separately, GE has signed an agreement with... Read Story
August 12, 2015, 08:00 AM


In an exclusive report, Reuters reported Capital One Financial is in exclusive talks to acquire General Electric Co's U.S. healthcare finance unit, in a deal likely to top $10 billion, according to people familiar with the matter.According to the... Read Story
August 07, 2015, 07:52 AM


Reuters reported General Electric Co.'s GE Capital unit for now will remain designated as "systemically important" - a tag that carries greater regulatory scrutiny. Reuters cited an announcement made by a U.S. regulatory panel.The Financial Stability... Read Story
August 03, 2015, 07:25 AM


Commercial Distribution Finance (CDF), a division of GE Capital, announced it has provided international IT solutions and managed services provider Logicalis US with $53 million in short term accounts receivable (STAR) funding. Logicalis used the... Read Story
July 28, 2015, 07:50 AM


Churchill Asset Management LLC, a majority-owned subsidiary of TIAA-CREF focused on originating, underwriting and managing senior loan investments, appointed Christopher Cox as a senior managing director and chief risk officer. The appointment is... Read Story
July 28, 2015, 07:11 AM


44 Business Capital LLC announced the hiring of Michael Hahn of Landenberg, PA as senior vice president and business development Officer for the Philadelphia market. Hahn has most recently served as vice president and business development officer for... Read Story
July 23, 2015, 07:49 AM


The Federal Reserve Board on Monday issued a final order that establishes enhanced prudential standards for General Electric Capital Corporation (GECC), a nonbank financial company designated by the Financial Stability Oversight Council (FSOC) for... Read Story
July 21, 2015, 07:47 AM


Bloomberg reported General Electric Co. is getting more bullish about profit prospects from industrial operations as Chief Executive Officer Jeffrey Immelt accelerates efforts to shrink the GE Capital finance unit.According to the Bloomberg report... Read Story
July 17, 2015, 07:18 AM


GE announced that Sumitomo Mitsui Banking Corporation Europe Limited has made an agreed offer to acquire GE’s European Sponsor Finance business for approximately U.S.$2.2 billion. The business is a leading provider of sponsor finance for European mid... Read Story
June 30, 2015, 08:05 AM


GE announced today that it has reached an agreement to sell its U.S., Mexico, Australia and New Zealand fleet businesses to Element Financial Corporation for US$6.9 billion. Separately, GE has signed a memorandum of understanding for the potential... Read Story
June 29, 2015, 08:05 AM


TAB Bank announced the addition of Rodney D. Chavez  to its business development team as vice president and business development officer.  Chavez will be responsible for sourcing new business opportunities by providing asset-based and factoring... Read Story
June 29, 2015, 07:53 AM


Alere Inc. has closed new senior secured credit facilities totaling $1.95 billion and used a portion of the proceeds thereof to repay in full and terminate its existing secured credit facilities. Goldman Sachs Bank USA, GE Capital Markets, Inc., J.P.... Read Story
June 19, 2015, 08:03 AM


Ares Capital Corporation and Varagon Capital Partners announced that they are establishing a new joint venture that will make senior secured loans to middle-market companies. The new joint venture will be called the Senior Direct Lending Program... Read Story
June 18, 2015, 08:03 AM


HSBC Bank USA, N.A. (HSBC) has appointed trade veteran Inwha Huh as Head of Global Trade and Receivables Finance (GTRF), US and Canada, effective June 23, 2015. Huh will be responsible for leading and managing GTRF activities across the United States... Read Story
June 12, 2015, 08:06 AM


Bloomberg reported that Wells Fargo & Co. and Toronto-Dominion Bank are exploring offers for a batch of U.S. commercial-lending businesses General Electric Co. is selling as whittles down its finance arm.According to the Bloomberg story, Capital One... Read Story
June 12, 2015, 07:45 AM


GE announced today that it has reached an agreement to sell its U.S. Sponsor Finance business and a $3 billion bank loan portfolio to Canada Pension Plan Investment Board (CPPIB) in a transaction valued at approximately $12 billion.“We are excited to... Read Story
June 09, 2015, 07:56 AM


Bloomberg reported GE. is poised for a $12 billion deal as soon as Monday to sell more than half of its U.S. private-equity lending arm to Canada Pension Plan Investment Board while Ares Management LP seeks to buy the rest of that business, people... Read Story
June 08, 2015, 08:08 AM


MidCap Business Credit announced the hiring of Bradley Atkinson for the role of Vice President, Underwriting to support the continued growth of its loan portfolio.  He comes to MidCap with more than 15 years of experience in the industry with roles... Read Story
June 05, 2015, 07:52 AM


Bloomberg reported General Electric has put virtually all of its U.S. commercial loan businesses on the market after hiring banks to unload $20 billion of assets in its healthcare, railcar and franchise finance divisions, according to people with... Read Story
June 04, 2015, 08:04 AM


Reuters reported General Electric has launched the sales process for a roughly $40 billion portion of its U.S. commercial lending assets, a source familiar with the situation said on Sunday.Reuters cites a report from The Wall Street Journal... Read Story
June 01, 2015, 08:04 AM


Reuters reported that General Electric is prioritizing the sale of businesses that provide lending to U.S. and European private equity firms, and to healthcare-related businesses, GE Capital's top executive said on Wednesday.Reuters reported that... Read Story
May 28, 2015, 08:03 AM


GE Capital’s Healthcare Financial Services (HFS) business announced it was the administrative agent and a lender on a $48.5 million financing to a joint venture among LTC Properties Inc., Silverstone Healthcare Real Estate and Senior Lifestyle Corp.... Read Story
May 28, 2015, 07:11 AM


Bloomberg reported General Electric is running ahead of schedule on its plan to shed the bulk of its lending unit, with about $100 billion of assets to be unloaded this year.The Bloomberg report notes Chief Executive Officer Jeffrey Immelt stated he... Read Story
May 21, 2015, 07:54 AM


Golub Capital announced Chip Cushman has joined the firm as a Managing Director in its Middle Market Lending group. Cushman will be responsible for originating, underwriting, executing and monitoring investments for the firm. He will be based in... Read Story
May 18, 2015, 07:56 AM


Houlihan Lokey announced that Patrick Schoennagel has joined the firm as a Director in its Capital Markets Group. He is based in London and will focus primarily on assisting both independent and sponsor-backed corporates in the United Kingdom and... Read Story
May 11, 2015, 08:00 AM


Aurora Capital Group, a Los Angeles-based private equity firm with over $2 billion of assets under management, announced that it has completed the acquisition of Minneapolis-based Restaurant Technologies, Inc. ("RTI"), the only national provider of... Read Story
May 01, 2015, 07:38 AM


Bloomberg reported SunTrust, Apollo Global Management and Ares Management are weighing offers for a General Electric unit that lends to private-equity firms, people familiar with the matter said.Bloomberg reports that concern over possible staff... Read Story
April 27, 2015, 07:21 AM


Following a year of consistently accelerating revenue and employment growth for middle market firms, growth appears to be slowing and stabilizing in the first quarter of 2015, according to the National Center for the Middle Market’s Q1 2015 Middle... Read Story
April 23, 2015, 07:40 AM


Ares Management, L.P. and GE Capital announced today that the European Loan Programme (ELP), a €3.0 billion joint venture between affiliates of the two firms that provides senior secured loans to upper middle market corporate borrowers, has completed... Read Story
April 23, 2015, 07:14 AM


Reuters reported that General Electric is in early-stage talks with Wells Fargo & Co about selling its entire $74 billion U.S. commercial lending and leasing (CLL) portfolio to the bank, according to a source familiar with the situation.According to... Read Story
April 21, 2015, 07:06 AM


GE Capital announced it is providing financing as part of an $88 million senior secured credit facility to support the acquisition of America’s Auto Auction (AAA) by Trinity Hunt Partners. GE Capital Markets served as co-lead arranger and... Read Story
April 21, 2015, 06:50 AM


Bloomberg reported General Electric has held talks with “a broad geographic spectrum” of sovereign wealth funds as part of the effort to sell the bulk of its lending business, Chief Financial Officer Jeff Bornstein said.According to the Bloomberg... Read Story
April 20, 2015, 07:40 AM


Fitch Ratings does not anticipate any current impact to Ares Capital Corporation's (Ares Capital) 'BBB' ratings resulting from General Electric Corporation's (GE) announcement that it plans to divest the majority of General Electric Capital... Read Story
April 15, 2015, 07:12 AM


GE today announced that it will create a simpler, more valuable company by reducing the size of its financial businesses through the sale of most GE Capital assets and by focusing on continued investment and growth in its world-class industrial... Read Story
April 10, 2015, 07:17 AM


Gordon Brothers Finance Company (GBFC) announced today that Mark Forti has joined the firm as managing director. Forti will be responsible for sourcing, originating and structuring new lending investments for Gordon Brothers Finance Company. Forti... Read Story
April 09, 2015, 07:26 AM


Rosenthal & Rosenthal, Inc., the largest privately held domestic factoring and financing firm, announced the hiring of Robert A. Miller as Executive Vice President and Head of Asset Based Lending. Miller will be responsible for Rosenthal’s Asset... Read Story
March 24, 2015, 07:41 AM


Reuters reported that a consortium of private equity firm KKR & Co LP, alternative investment manager Varde Partners and Deutsche Bank has agreed to buy GE Capital's Australian and New Zealand consumer lending arm for A$8.2 billion ($6.26... Read Story
March 16, 2015, 08:00 AM


The Wall Street Journal reports that General Electric Co. is considering making deeper cuts to GE Capital, having decided the returns from lending are no longer worth the ire it provokes among investors, people familiar with the matter said.According... Read Story
March 12, 2015, 07:53 AM


Stonebriar Commercial Finance LLC ("Stonebriar") announced the commencement of its operations with financial backing from Topeka, Kansas based Security Benefit Corporation ("Security Benefit").Stonebriar will provide financing solutions to a broad... Read Story
March 11, 2015, 07:25 AM


The Senior Secured Loan Program (SSLP), jointly managed by an affiliate of Ares Capital Corporation and an affiliate of GE Capital, announced that during the fourth quarter of 2014 it closed 12 financing transactions, including refinancings of... Read Story
March 06, 2015, 07:23 AM


Rockland Trust announced it has promoted Michael Pandolfi to First Vice President of Asset Based Lending in the Commercial Lending  division. In this role, he is responsible for the origination of asset based lending relationships and the sale of... Read Story
March 05, 2015, 07:50 AM


GE Antares, a unit of GE Capital, is serving as administrative agent on a $145.6 million senior secured credit facility to support the acquisition of Lazer Spot, Inc. by Greenbriar Equity Group. GE Capital Markets served as co-lead arranger and... Read Story
February 17, 2015, 07:39 AM


GE Capital’s Healthcare Financial Services (HFS) business announced today that it is serving as administrative agent and collateral agent on a $250 million term loan financing for Amneal Pharmaceuticals LLC. This term loan will be pari passu with a... Read Story
February 11, 2015, 07:13 AM


GE Capital recently named Isabel Fernandez chief commercial officer. In this role, she leads all sales, marketing and product development across GE Capital, which operates in more than 50 countries.Since joining GE Capital in 2000, Fernandez has... Read Story
February 05, 2015, 07:48 AM


GE Capital, Corporate Finance announced it is providing a $400 million credit facility to help fund the acquisition of Wise Metals Intermediate Holdings LLC (Wise) by Constellium N.V. (nyse and euronext:CSTM), a global producer of aluminum products.... Read Story
January 29, 2015, 08:04 AM


GE Capital’s Healthcare Financial Services business has served as administrative agent on a senior secured credit facility of up to $40 million for GenMark Diagnostics, Inc. comprised of a multi-tranched $35 million venture loan facility and a $5... Read Story
January 14, 2015, 07:18 AM


GE Capital’s Healthcare Financial Services (HFS) business provided more than $10.5 billion in financing to customers across more than 240 transactions in 2014, an increase of 20% percent from the prior year. For the third consecutive year, GE Capital... Read Story
January 13, 2015, 07:19 AM


J & B Restaurant Partners of Long Island II, LLC and certain affiliates (collectively, the “Company”), owners of 37 Friendly’s restaurants in New York, New Jersey and Connecticut, filed voluntary petitions for relief under Chapter 11 of the United... Read Story
January 07, 2015, 07:47 AM


GE announced the appointment of three new Company officers. Effective January 1, 2015, GE will have 195 officers globally who lead large revenue-generating businesses or are in critical technology or functional roles, helping to drive growth.Michael... Read Story
December 24, 2014, 07:36 AM


GE Capital’s Healthcare Financial Services business announced it has agented a senior secured credit facility of up to $19 million for Rapid Micro Biosystems, Inc. The company provides innovative products for faster detection of microbial... Read Story
December 15, 2014, 08:03 AM


Opus Bank announced Matt Christensen has joined Opus as Senior Managing Director, Commercial Banking – Northern California within Opus’ Commercial Bank, and as Senior Managing Director, Corporate Finance within Opus’ Merchant Bank. Christensen, a... Read Story
December 09, 2014, 08:03 AM


Bloomberg reported the Federal Reserve said it plans to oversee GE Capital Corp. in a similar manner to the way it supervises large bank-holding companies. According to the Bloomberg report, the Fed asked for public comment today on its regulation... Read Story
November 26, 2014, 07:44 AM


Nellson Nutraceutical, a leading North American formulator and manufacturer of branded and private-label nutritional bar and functional powder products, today announced that it has entered into a definitive agreement to acquire Le Groupe Multibar Inc... Read Story
November 25, 2014, 07:13 AM


GE Capital, Corporate Finance announced it is providing $107.7 million in credit facilities to Mariani Packing, one of the world’s largest independent producers of dried fruit. Mariani Packing, Headquartered in Vacaville, CA, sells premium products... Read Story
November 19, 2014, 07:26 AM


GE Antares, a unit of GE Capital, announced it is serving as administrative agent on a senior secured credit facility to support the acquisition of Grakon Holdings, LLC by Industrial Growth Partners. GE Capital Markets served as lead arranger and... Read Story
November 11, 2014, 07:13 AM


GE Antares announced it is serving as administrative agent on a credit facility to support the acquisition of Gulfstream Services, Inc. by The Jordan Company, L.P., in partnership with the existing management team. GE Capital Markets served as joint... Read Story
October 28, 2014, 07:34 AM


Balance Point Capital Partners, L.P.,  a leading provider of capital to lower middle-market companies located throughout the United States, is pleased to announce that Nathan D. Elliott has joined the BPCP team as a Vice President.Balance Point... Read Story
October 22, 2014, 07:34 AM


GE Capital is providing a $50 million credit facility to Bird Electric Enterprises, LLC (Bird Electric), a leading electrical services provider. The facility will be used for general working capital and to support a majority investment by 3.5.7.11, a... Read Story
October 21, 2014, 07:49 AM


Signature Group Holdings has entered into a definitive stock purchase agreement to acquire the Global Recycling and Specification Alloys ("GRSA") business of privately-held Aleris Corporation for $525 million. The Board of Directors of Signature... Read Story
October 20, 2014, 08:02 AM


TD Bank has named Stephen M. Metivier as a Managing Director with the bank’s Asset Based Lending (ABL) group. Based in Boston, he will cover the retail sector, focused on building new direct retailer lending relationships by providing the most... Read Story
October 17, 2014, 08:01 AM


Bloomberg reported the former owner of Fox & Hound and Champps casual dining restaurants wants a 90-day extension of its exclusive right to propose a Chapter 11 plan. Lender Cerberus Business Finance LLC bought the business in March without an... Read Story
October 14, 2014, 07:41 AM


Capital One Bank announced the appointment of Ronald Pagoto as Director, Business Development Officer for Capital One Business Credit, a unit of the Commercial and Specialty Finance group. In this new role, Pagoto is responsible for business... Read Story
October 08, 2014, 07:48 AM


RadioShack Corporation announced that Standard General LP and certain other investors have replaced GE Capital as the lead lender under RadioShack's $585 million senior secured asset based lending (ABL) credit facility (which included a $50 million... Read Story
October 07, 2014, 07:26 AM


Pamlico Capital and the management team of Clarity Telecom have closed the previously announced acquisition of broadband assets in South Dakota, Minnesota and Iowa from WOW! Internet, Cable & Phone (“WOW!”). The Clarity team will transition the... Read Story
October 07, 2014, 07:15 AM


A Reuters news story reports cash-strapped electronics retailer RadioShack Corp has reached an agreement with a consortium led by its largest shareholder Standard General LP to refinance about $590 million of loans to re-stock ahead of the holiday... Read Story
October 03, 2014, 07:29 AM


Reuters reports Angelo Gordon has set up a middle-market direct lending business with the appointment of Chris Williams and Trevor Clark. Williams and Clark co-founded and built the direct lending business at Madison Capital Funding.Williams and... Read Story
September 30, 2014, 07:21 AM


GE Capital, Commercial Distribution Finance (CDF) announced it has significantly expanded its inventory financing program with MarineMax, the nation’s largest boat dealer, and extended its duration through 2017. The $235 million facility will allow... Read Story
September 18, 2014, 06:11 AM


Reuters reports that troubled electronics retailer RadioShack Corp, is being advised by a restructuring attorney at law firm Jones Day as it tries to strike a deal with creditors to close stores while averting bankruptcy.Citing people close to the... Read Story
September 11, 2014, 07:07 AM


The motorsports industry, which includes motorcycles, all-terrain vehicles (ATV), utility-terrain vehicles (UTVs), snowmobiles, and personal watercraft, is healthy and growing, according to performance data from GE Capital, Commercial Distribution... Read Story
September 05, 2014, 07:11 AM


GE Capital, Corporate Finance announced it is providing auction house Sotheby's with $850 million in senior credit facilities. The new facilities include a $250 million credit line increase and will be used for general working capital and to support... Read Story
August 29, 2014, 07:52 AM


Crestmark announced the addition of Scott Blaeser as Vice President, Business Development.  Blaeser will assist in expanding Crestmark’s presence by providing asset-based lending to small to middle-market businesses. He will report to Crestmark West... Read Story
August 20, 2014, 07:13 AM


Capital One Bank announced the appointment of David Mazar as Director, Business Development Officer for Capital One Business Credit, part of the Commercial & Specialty Finance Group. In this new role, Mazar will be responsible for business... Read Story
August 19, 2014, 07:48 AM


Medley LLC, a leading asset manager, announced that Brian Dohmen, Senior Managing Director, has been promoted to Head of Direct Lending in the Eastern Region.Dohmen plays a key role in further developing the firm's relationships with private equity... Read Story
August 18, 2014, 07:41 AM


Monroe Credit Advisors announced that Ryan Deegan has joined the firm as a Director in its Chicago office.  He will be responsible for expanding the new business development efforts for the firm's debt advisory and placement practice.Deegan's career... Read Story
August 04, 2014, 07:54 AM


Nautic Partners, LLC has partnered with management to acquire Custom Window Systems, Inc. Custom is a leading designer and manufacturer of impact resistant and non-impact windows, doors, and porch enclosures, serving customers in Florida and across... Read Story
August 04, 2014, 07:20 AM


Rentech Nitrogen Partners, L.P. has entered into a $50 million revolving credit facility with GE Capital, Corporate Finance. The partnership plans to use the credit facility to fund growth projects. The facility will also be available, if needed, for... Read Story
July 25, 2014, 07:26 AM


Business leaders representing the nation’s nearly 200,000 mid-sized firms are bullish about the U.S. economy, fueled by consistently strong revenue growth. In fact, middle market companies grew revenue over the past 12 months at 6.6 percent, nearly... Read Story
July 24, 2014, 07:44 AM


GE Capital, Corporate Retail Finance is providing Brookstone, the product development company and specialty retailer, with a $115 million senior credit facility. The financing will be used to support the company’s recent acquisition by Sailing... Read Story
July 22, 2014, 07:46 AM


GE Capital announced it is providing MerchSource LLC with a $130 million senior credit facility providing working capital for the company’s operations in the U.S. and Hong Kong.MerchSource, headquartered in Irvine, CA, ideates, designs, develops and... Read Story
July 14, 2014, 07:46 AM


GE Capital, Equipment Finance has named Matt LeSage its new chief commercial officer. He reports to Diane Cooper, president of the business. GE — the global provider of solutions in energy, health and home, transportation and finance —employs 1,500... Read Story
July 10, 2014, 07:13 AM


Audax Group has acquired Wheel Pros, LLC (“Wheel Pros”) from Platinum Equity. Headquartered in Denver, Colorado, Wheel Pros is a leading designer, marketer, and distributor of branded aftermarket wheels. The company also distributes performance tires... Read Story
July 10, 2014, 07:08 AM


Victory Park Capital (VPC), an asset management firm focused on middle-market debt and equity investments, announced that it has named Jason Brown partner. Brown, a twenty-year financial services veteran will lead the firm’s new Los Angeles office.... Read Story
July 01, 2014, 07:32 AM


Great American Group, Inc., announced the appointment of Daniel Williams as Managing Director of its Advisory and Valuation Services division. Williams has 20 years of experience in asset-based lending which he will use to benefit the Company's... Read Story
June 25, 2014, 07:17 AM


GE Capital, Corporate Finance is providing Lagunitas Brewery with a $20 million credit facility to equip the company’s new Chicago brewery.Lagunitas, founded in 1991 and headquartered in Petaluma CA, is one of the nation’s fastest-growing craft... Read Story
June 23, 2014, 07:49 AM


GE Capital, Corporate Finance announced it is serving as administrative agent on a $160 million revolving credit facility for Huttig Building Product Inc. The new facility refinances existing debt and provides an additional $40 million in financing... Read Story
June 19, 2014, 07:46 AM


Pamlico Capital and the management team of Clarity Telecom (“Clarity”) announced that they have entered into a definitive agreement to purchase broadband assets in Rapid City and Sioux Falls, South Dakota from WOW! Internet, Cable & Phone (“WOW!”).... Read Story
June 13, 2014, 07:18 AM


Varagon is an independent firm, backed by American International Group, Inc. and by certain partners and affiliates of Oak Hill Capital Management (Oak Hill), and launches with an initial $1.5 billion investment commitment from AIG.For investors... Read Story
June 12, 2014, 07:53 AM


Multi-channel retailer Brookstone, Inc. ("Company") announced that Sailing Innovation (US) Inc., a consortium led by Sailing Capital Overseas Investment Fund, LP, along with a financing commitment from GE Capital, has been selected as the winning... Read Story
June 04, 2014, 07:38 AM


Huttig Building Products, Inc., a leading domestic distributor of millwork, building materials and wood products, announced it has entered into an agreement to amend and extend its $120 million senior secured credit facility. The amendment, among... Read Story
May 29, 2014, 07:54 AM


BMO Harris Bank announced today that it has expanded its Asset-Based Lending (ABL) team into Atlanta, with the hiring of Linton Elliott as Director, Asset-Based Lending, BMO Harris Bank. Linton will have responsibility for business development and... Read Story
May 28, 2014, 07:32 AM


Darden Restaurants, Inc. announced that it has entered into a definitive agreement to sell its Red Lobster business and certain other related assets and assumed liabilities to Golden Gate Capital for $2.1 billion in cash.   Darden expects to receive... Read Story
May 19, 2014, 07:08 AM


GE Antares served as administrative agent on a senior secured credit facility to support the acquisition of Kellstrom Defense Aerospace, Inc. by the Merex Group, a portfolio company of Dubin Clark & Company, Inc. GE Capital Markets served as sole... Read Story
May 16, 2014, 07:38 AM


Equify Financial, LLC, a member of the Equify, LLC family of companies and provider of asset-based lending, and equipment finance services to construction, transportation and energy businesses nationwide, announced the addition of Kirk Mann and Randy... Read Story
May 05, 2014, 08:08 AM


GE Capital’s Healthcare Financial Services is serving as administrative agent on $165 million in senior credit facilities for Paradigm Management Services, LLC, a specialty provider of healthcare management services for patients with complex medical... Read Story
April 30, 2014, 07:51 AM


Del Taco Holdings, Inc. announced the completion of a debt refinance transaction. The transaction, led by GE Capital, features an amended senior credit facility with a $220 million term loan and a $40 million revolving line of credit. Incremental net... Read Story
April 30, 2014, 07:11 AM


GE Capital, Corporate Finance announced it is administrative agent on $135 million in senior secured financing for King’s Hawaiian , a Torrance, CA-based manufacturer of bread and rolls. The financing will be used to expand the company’s production... Read Story
April 24, 2014, 07:23 AM


KPS Capital Partners, LP ("KPS") announced that, through a newly formed affiliate, it has entered into definitive agreements to acquire Electrical Components International, Inc. and its affiliates ("ECI" or the "Company").  Financial terms of the... Read Story
April 11, 2014, 07:37 AM


Sears Holdings Corporation announced that its pro-rata spin-off of Lands’ End, Inc. (“Lands’ End”) from Sears Holdings closed on April 4, 2014. Lands’ End has now been separated from Sears Holdings and its common stock is expected to begin... Read Story
April 08, 2014, 07:24 AM


AAMP of America, a portfolio company of Audax Private Equity, announced it has completed the acquisition of Armour Automotive Ltd. from Armour Group Plc, a leading consumer electronics group within the home and in-car communication and entertainment... Read Story
April 01, 2014, 07:07 AM


GE Capital International, the global alternative finance provider dedicated to the mid-market, announces it has provided a $300 million cross-border financing facility to Accolade Wines, the largest wine company by volume of wine sold in Australia... Read Story
March 26, 2014, 07:49 AM


Rand Logistics, Inc. announced a $212.5 million financing comprised of a $140.0 million senior secured credit facility and a $72.5 million second lien facility to refinance its existing senior secured debt and accrued preferred dividends. The... Read Story
March 13, 2014, 07:42 AM


American Capital, Ltd. announced it has promoted Ryan Brauns to Head of Sponsor Finance effective March 1, 2014.  In his new role, Brauns will be responsible for overseeing the Sponsor Finance Group, a dedicated, standalone team of professionals... Read Story
March 11, 2014, 07:26 AM


Norwest Equity Partners (“NEP”), a leading middle-market investment firm, announced that it has acquired Apothecary Products Incorporated, a leading innovator, manufacturer and distributor of consumer healthcare products and pharmacy supplies. NEP... Read Story
March 04, 2014, 07:01 AM


GE Capital, Healthcare Financial Services, recently provided a $2.5 million senior secured credit facility to SynGen , Inc., a medical device company with a 510(k) approved bench-top system for isolating stem cells from umbilical cord blood... Read Story
February 27, 2014, 07:32 AM


Essex Rental Corp. announced that it entered into an amendment to its Coast Crane credit agreement. The modification to the credit agreement provides Essex with greater flexibility to capitalize on opportunities to increase revenues associated with... Read Story
February 27, 2014, 07:13 AM


GE Capital’s Franchise Finance business announced 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... Read Story
February 12, 2014, 07:36 AM


GE Capital announced 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... Read Story
January 29, 2014, 07:00 AM


GE Capital, Corporate Finance 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... Read Story
January 28, 2014, 07:35 AM


The nation’s 200,000 middle market businesses are an economic engine driving the U.S. recovery, growing revenue at a rate of five percent during 2013, which was five times higher than the S&P 500. According to the National Center for the Middle... Read Story
January 23, 2014, 07:42 AM


GE announced today fourth-quarter 2013 operating earnings of $5.4 billion, with earnings per share of $0.53, up 20% from the fourth quarter of 2012. GAAP earnings from continuing operations were $5.0 billion, with earnings per share of $0.49, up 20%.... Read Story
January 17, 2014, 07:11 AM


GE Capital, Corporate Finance announced it is serving as administrative agent on $72.5 million of senior secured credit facilities to Permian Basin Materials, LLC (PBM), a newly formed affiliate of WL Ross & Co. LLC (WL Ross). The credit facilities... Read Story
January 09, 2014, 07:13 AM


GE Capital, Corporate Finance is serving as administrative agent on $285 million of senior secured revolving and term credit facilities to Harley Marine Services, Inc.  The credit facilities will recapitalize the company and provide additional funds... Read Story
January 08, 2014, 07:53 AM


GE Capital, Corporate Finance today announced that it provided a $50 million senior credit facility to Stoli Group USA, the North American producer and distributor of Stolichnaya® vodka. The financing will be used for working capital and general... Read Story
January 06, 2014, 07:51 AM


BusinessUS has announced the hiring of 27-year SBA lending veteran Stephanie Bitters as Chief Credit Officer and Chief Operating Officer. Bitters joins veteran small business lenders Norris Lozano (CEO), Antonio “AZ” Zate, and Tara Johnson on the... Read Story
December 30, 2013, 07:29 AM


GE Capital, Corporate Retail Finance announced it is administrative agent on a $250 million senior revolving credit facility for Dunham’s Athleisure Corporation, a leading sporting goods retailer.  The proceeds will support ongoing working capital... Read Story
December 17, 2013, 07:42 AM


RadioShack Corporation has completed a new financing totaling $835 million including a $585 million senior secured ABL credit facility led by GE Capital, Corporate Retail Finance and a $250 million secured term loan led by Salus Capital Partners, LLC... Read Story
December 11, 2013, 07:30 AM


GE announced Michael F. Silva has been appointed vice president, chief regulatory officer & compliance leader, GE Capital. He starts on December 2 and will report operationally to GE Capital Chairman & CEO Keith Sherin and functionally to GE's... Read Story
November 25, 2013, 07:41 AM


According to a regulatory filing, General Electric Company (GE) announced that it intends to pursue an initial public offering (IPO) of its North American Retail Finance business (Retail Finance) as a first step in a staged exit from that business.... Read Story
November 18, 2013, 08:03 AM


BofI Federal Bank, a subsidiary of BofI Holding, Inc., announced the expansion of its Commercial and Industrial Lending, Lender Finance Division (C&I) under the leadership of Patrick Walsh and Salvatore Salzillo.BofI Federal Bank's C&I lending... Read Story
November 13, 2013, 07:04 AM


NewStar Business Credit has named Joe Kinkenon as executive vice president and chief credit officer.  Kinkenon will be responsible for all portfolio and credit functions for the division.Kinkenon joins NewStar from Regions Bank and has more than 25... Read Story
November 13, 2013, 06:24 AM


First Internet Bank of Indiana, a provider of online retail and business banking services nationwide, announced the expansion of its commercial lending capabilities through an asset-based lending line of business. Operating under the name First... Read Story
November 07, 2013, 07:39 AM


GE Capital, Corporate Finance today announced it provided $22.5 million in equipment financing to Laborde Marine. The funds refinance existing debt used to purchase five new crew boats. Founded in 1995 and headquartered in New Orleans, LA, Laborde... Read Story
November 04, 2013, 07:49 AM


Bank of America Business Capital announced Ira Kreft, Steve Pomerantz and Carolyn Glick have joined the bank as senior business development officers in Chicago and Los Angeles. Ira Kreft has rejoined BABC as a senior business development officer in... Read Story
October 22, 2013, 07:56 AM


Bloomberg reported that Fort Worth-based RadioShack, which is retooling its stores to try to reverse a sales slide, received commitments for $835 million in new financing. Bloomberg obtained this information from sources with knowledge of the matter.... Read Story
October 22, 2013, 07:42 AM


GE announced today third-quarter 2013 operating earnings of $3.7 billion, or $0.36 per share, down 3% and flat respectively from the third quarter of 2012. Excluding restructuring and other charges, operating EPS was $0.40. GAAP earnings from... Read Story
October 18, 2013, 07:16 AM


Monroe Capital announced Andrew Cozewith has joined the firm as managing director in its Atlanta office and will lead the firm’s national media practice.“We are very excited to add Andrew to the Monroe Capital team,” said Ted Koenig, President & CEO... Read Story
October 09, 2013, 07:56 AM


Capital One Bank announced a name change for its asset-based and senior bank lending businesses from Capital One Leverage Finance to Capital One Business Credit Corp to more accurately reflect the group’s specialized financial product offerings. The... Read Story
October 08, 2013, 08:03 AM


GE Capital’s Transportation Finance business announced today that it has increased its credit facility for Rush Enterprises, Inc. to $750 million from $600 million. Rush, which operates the largest network of commercial vehicle dealerships in North... Read Story
September 26, 2013, 08:02 AM


Australian surfwear retailer Billabong International Ltd. entered into binding agreements with certain entities affiliated with Centerbridge Partners, L.P. and Oaktree Capital Management, L.P. in relation to a long term financing.Billabong said the... Read Story
September 19, 2013, 07:54 AM


GE Capital, Healthcare Financial Services, announced that it is serving as administrative agent on a $10 million senior secured multi-draw term loan for Sonitus Medical Inc. The company intends to use the financing primarily for additional working... Read Story
September 19, 2013, 07:13 AM


Southern Theatres announced that it has acquired Movie Tavern, a cinema eatery chain with 16 locations and 130 screens across seven states. The combined company is now among the ten largest exhibitors in the United States, and has 36 locations and... Read Story
September 13, 2013, 07:36 AM


GE Capital has signed an agreement with Imation Corporation Japan, a subsidiary of Imation Corp, a global scalable storage and data security company, headquartered in Oakdale, Minnesota, USA, to provide up to two billion yen (approximately US$20... Read Story
August 08, 2013, 08:04 AM


Cole Taylor Business Capital (CTBC), a division of Cole Taylor Bank, announced the opening of a new regional sales office in Walnut Creek, California and the addition of a business development officer in Chicago. The Walnut Creek office will serve... Read Story
August 07, 2013, 09:06 AM


Wells Fargo Capital Finance announced the addition of finance industry veteran Rocky Gor as business development officer. Based in Santa Monica, CA, Gor’s efforts will be focused on originating loans for the Southwestern U.S. region.“We’re excited to... Read Story
July 25, 2013, 08:03 AM


GE Capital, Corporate Finance announced it provided a $76.8 million asset-based credit facility to Pacific Coast Feather Company, a leading manufacturer and distributor of high quality basic bedding products.  The loan was used to refinance existing... Read Story
July 22, 2013, 08:32 AM


AloStar Business Credit has announced the launch of its Lender Finance Division, and named Wells Fargo and GE Commercial Finance veteran Luke Graham managing director.  Graham will spearhead a team of AloStar professionals – John David Gettmann... Read Story
July 18, 2013, 08:06 AM


The financial press is reporting surfwear company Billabong International Limited has agreed to a $294 million (A$325 million) debt refinancing deal that will effectively see control of the company handed over to consortium led by U.S. private equity... Read Story
July 17, 2013, 08:10 AM


Centerbridge Capital Partners II, L.P. and its related entities have formed a new business called Carefree Communities, Inc. (Carefree) for the ownership and operation of destination recreational vehicle ("RV") resorts and senior manufactured housing... Read Story
July 12, 2013, 07:27 AM


Bloomberg reported that GE Capital and American International Group Inc. (AIG) will not fight a decision by regulators that they pose potential risks to the economy.The Bloomberg report quotes Russel Wilkerson, a spokesman for GE Capital saying, “We... Read Story
July 03, 2013, 07:11 AM


TeleCommunication Systems, together with several of its domestic subsidiaries (collectively, the Borrowers), have closed on a new credit agreement dated June 25, 2013. Silicon Valley Bank  is the administrative agent, co-lead arranger and joint... Read Story
June 27, 2013, 07:53 AM


Bridge Bank, a full-service professional business bank headquartered in Silicon Valley and with offices located nationwide, announced Matt Christensen has joined the bank as senior vice president and San Francisco regional manager. Christensen will... Read Story
June 21, 2013, 08:04 AM


GE Capital, Healthcare Financial Services is serving as administrative agent and sole lender on a $7.5 million multi-draw senior secured term loan facility for OraMetrix, Inc.  The financing will be used for working capital and to support growth... Read Story
June 20, 2013, 07:41 AM


Porter Capital Corporation announced Steven R. Bellah has joined the company as Senior Vice President and National Sales Manager.  Bellah has 20 -years plus of commercial finance, managerial and consulting experience. He has managed complex... Read Story
June 19, 2013, 07:28 AM


KPS Capital Partners announced its portfolio company, Waupaca Foundry, Inc., completed its second successful recapitalization. The proceeds of the recapitalization, funded by a $125 million upsizing of the Company's term loan, were used to fund a... Read Story
June 18, 2013, 07:03 AM


GE Capital, Canada announced it served as administrative agent on a $66 million senior secured credit facility for Van-Rob Inc. Van-Rob, a leading global Tier One automotive parts manufacturer, will use the proceeds to refinance an existing term loan... Read Story
June 14, 2013, 07:19 AM


Chairman and CEO Jeff Immelt announced the appointment of Keith Sherin as chairman and CEO of GE Capital, succeeding Mike Neal, who is retiring. Immelt also announced that GE Capital CFO Jeff Bornstein will succeed Sherin as CFO of GE. The... Read Story
June 13, 2013, 07:02 AM


Bloomberg reported General Electric Co. (GE) Chief Financial Officer Keith Sherin will take over as head of GE Capital as soon as this summer, according to a Wall Street Journal report. According to the report, Mike Neal plans to step down as GE... Read Story
June 10, 2013, 07:45 AM


Reuters reported regulators on Monday proposed designating GE Capital, American International Group Inc, and Prudential Financial for heightened regulatory oversight. According to the report, the Financial Stability Oversight Council said it had... Read Story
June 04, 2013, 07:56 AM


Entravision Communications Corporation entered into a new secured bank credit facility, consisting of a $30 million revolving credit facility and a $20 million term loan, and a $375 million delayed-draw term loan which may be drawn on a date of the... Read Story
June 03, 2013, 08:06 AM


Bloomberg Businessweek said that according to a Wall Street Journal report, General Electric is evaluating successors to Michael Neal, who may step down as chief executive officer and chairman of GE Capital as soon as this summer.The management shift... Read Story
May 30, 2013, 07:49 AM


GE Capital’s Franchise Finance business announced today that it has provided a $45 million real estate-secured revolving credit facility to new customer Platinum Hospitality Management, an affiliate of Platinum Companies. Based in Hermitage, TN, a... Read Story
May 28, 2013, 08:05 AM


Otelco Inc. announced that it has emerged from bankruptcy and completed its balance sheet restructuring process, including an extension of its senior credit facility.“Today, we completed the actions necessary to implement the final steps of our... Read Story
May 28, 2013, 07:41 AM


Bloomberg reported General Electric is considering spinning off parts of its finance unit through an initial public offering.According to Bloomberg, while speaking at the Electrical Products Group Conference in Longboat Floriday yesterday, Immelt... Read Story
May 23, 2013, 07:22 AM


KPS Capital Partners announced that, through a newly formed company, Expera Specialty Solutions, LLC and its affiliates, it has entered into definitive agreements with Wausau Paper Corp. to acquire Wausau's specialty paper business (Wausau Specialty... Read Story
May 21, 2013, 07:49 AM


Standard Motor Products, an automotive replacement parts manufacturer and distributor, amended its revolving credit facility with GE Capital, Corporate Finance, acting as agent for a syndicate of lenders.  The amended credit facility provides for... Read Story
May 17, 2013, 07:49 AM


GE Capital’s Commercial Distribution Finance (CDF) business announced today that it will provide inventory financing to motorsports dealerships that carry products manufactured by American SportWorks. American SportWorks produces LANDmaster utility... Read Story
May 16, 2013, 08:00 AM


Wellspring Capital Management announced its portfolio company API Heat Transfer completed a recapitalization, including a new $300 million first-lien credit facility. The new credit facility will provide API with additional financial flexibility to... Read Story
May 07, 2013, 08:02 AM


The U.S. restaurant industry is beginning to sizzle, according to the 23rd edition of the Chain Restaurant Industry Review, which was released today at the Restaurant Leadership Conference by GE Capital, Franchise Finance (GEFF). Merger and... Read Story
April 24, 2013, 07:49 AM


GE announced today first-quarter 2013 operating earnings of $4.1 billion, up 14% from the first quarter of 2012. GAAP earnings from continuing operations were $3.6 billion, up 13%.  Revenues were $35.0 billion for the quarter, flat with the year-ago... Read Story
April 19, 2013, 07:31 AM


GE Capital, Corporate Finance announced it is administrative agent on a $195 million cash flow credit facility for Electrical Components International, Inc. (ECI), a leading wire harnesses manufacturer. The proceeds will refinance debt, support... Read Story
April 08, 2013, 08:04 AM


NewStar Financial announced that it has hired veteran credit risk manager Dan McCready as chief credit officer. McCready joins NewStar from CIT Group where he was chief credit officer of CIT Corporate Finance. He has nearly 30 years of experience in... Read Story
March 26, 2013, 08:01 AM


Bloomberg reported that General Electric distanced itself from a report that it might consider spinning off GE Capital. As reported yesterday by Dow Jones, Chief Executive Officer Jeffrey Immelt told business leaders in Sydney that he’d “never say... Read Story
March 21, 2013, 07:26 AM


On an item posted to the Fox Business news website, The Wall Street Journal reported that General Electric Co. (GE) Chairman and Chief Executive Jeff Immelt said Tuesday that the company may consider spinning off GE Capital to simplify its structure... Read Story
March 20, 2013, 08:01 AM


Monroe Capital LLC today announced Jeffrey Kolke has joined the firm as managing director in its Chicago office. “We are very excited to add Jeff to the Monroe Capital team,” said Ted Koenig, president & CEO of Monroe Capital.  “Jeff has an... Read Story
February 15, 2013, 08:03 AM


The Senior Secured Loan Program (SSLP), jointly managed by an affiliate of Ares Capital Corporation and an affiliate of GE Capital, announced that its total available capital has increased from $7.7 billion to $9.0 billion. In connection with this... Read Story
January 31, 2013, 07:57 AM


KCAP Financial announced that Jeff Knopping joined the firm as a managing director to lead the firm's origination activities as KCAP Financial continues to expand its platform. KCAP Financial is a lender to middle market companies. "We are delighted... Read Story
January 10, 2013, 07:48 AM


American Securities and Crestview Partners announced that Crestview has acquired NEP Broadcasting and its affiliates from American Securities. Financial terms of the transaction were not disclosed however a press release noted Barclays, Morgan... Read Story
December 27, 2012, 07:05 AM


Ninety-six percent of 1,000 middle market business leaders questioned in a recent survey say they have strong preferences for the outcome of the ongoing fiscal cliff negotiations. The survey, released by the National Center for the Middle Market, was... Read Story
December 24, 2012, 07:19 AM


Huttig Building Products, a domestic distributor of millwork, building materials and wood products, entered into an agreement to amend and extend its $120 million senior secured credit facility. The amendment, among other things, extends the facility... Read Story
December 24, 2012, 07:10 AM


Hudson's Bay Company has repaid its existing $450 million term loan facility with GE Capital Canada Finance and certain others with proceeds from a new $250 million senior non-revolving term loan facility dated November 26, 2012 with Bank of Montreal... Read Story
November 29, 2012, 07:04 AM


Red River, a provider of IT hardware integration, maintenance and support services to the U.S. government, announced an increase in its working capital credit facility by GE Capital's Commercial Distribution Finance (CDF) business. The company's... Read Story
November 28, 2012, 07:23 AM


A report from GE finds that the combination of networks and machines could add $10- to $15 trillion to the global GDP. According to the report, the Industrial Revolution radically changed the way we use energy and make things. The Internet... Read Story
November 26, 2012, 07:31 AM


Hancock Fabrics entered into an amended and restated loan and security agreement. The new, $100 million senior secured asset-based credit facility matures in November 2016 and replaces the company’s existing revolving credit agreement, which would... Read Story
November 21, 2012, 07:34 AM


The sentiment of Canadian chief financial officers (CFOs) of middle-market companies on the state of their own industry and the strength of the national economy remained steady and positive in the third quarter, according to the latest GE Capital Mid... Read Story
November 09, 2012, 07:36 AM


The Senior Secured Loan Program (SSLP), jointly managed by an affiliate of Ares Capital Corporation and an affiliate of GE Capital, closed five financing commitments totaling $625 million, including two refinancing transactions of existing portfolio... Read Story
November 09, 2012, 06:44 AM


GE Capital, Franchise Finance recently provided a $74 million loan to Team Schostak Family Restaurants, an Applebee’s International, Inc. and Burger King franchisee. The financing will be used to fund the acquisition of 65 new Applebee’s units.“GE... Read Story
November 06, 2012, 07:26 AM


GE announced today third-quarter 2012 Operating Earnings of $3.8 billion, or $0.36 per share, up 10% and 50% respectively from the third quarter of 2011. Excluding the effects of the third-quarter 2011 preferred stock redemption, operating earnings... Read Story
October 19, 2012, 08:00 AM


Bloomberg reported that GE Capital is in the final stage of a regulatory review to determine if it needs extra scrutiny because of the risk that its potential failure would pose to the U.S. economy, two people with direct knowledge of the matter said... Read Story
October 08, 2012, 06:00 AM


Global investment bank and asset manager Moelis & Company is jumping into middle-market lending with the purchase of Chicago-based Freeport Financial Partners. Terms of the deal have were not disclosed.Freeport Financial, which will continue to... Read Story
October 03, 2012, 07:00 AM


U.S. chief financial officers (CFOs) of middle-market companies surveyed this summer remain generally positive about the state of their own industries and continue to see measured growth over the next three years, according to the latest GE Capital... Read Story
September 28, 2012, 07:00 AM