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...
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July 17, 2015, 07:18 AM
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Ducommun Incorporated entered into a new $475 million credit agreement – consisting of a $200 million revolving credit facility and a $275 million term loan facility – to replace its existing debt structure. In connection with the transaction, the...
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June 29, 2015, 07:38 AM
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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...
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April 10, 2015, 07:17 AM
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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...
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October 20, 2014, 08:02 AM
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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%....
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January 17, 2014, 07:11 AM
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GE Capital, Corporate Finance announced it is co-collateral agent on a $300 million asset-based credit facility for Romeoville, IL-based KeHE Distributors, LLC. The loan will be used to support ongoing working capital needs. KeHE Distributors is a...
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August 21, 2013, 08:06 AM
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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...
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June 04, 2013, 07:56 AM
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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...
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May 16, 2013, 08:00 AM
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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...
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March 20, 2013, 08:01 AM
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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...
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November 06, 2012, 07:26 AM
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GE Capital, Corporate Finance announced it is administrative agent on a $105 million cash flow credit facility to Columbus Manufacturing, a producer of premium-branded specialty Italian cured meats. The financing is being used to support the...
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October 31, 2012, 09:00 AM
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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...
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October 08, 2012, 06:00 AM
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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...
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September 28, 2012, 07:00 AM
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