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Latest GE Capital Bank Stories

2008-10-23 09:00:27

GE Commercial Finance Corporate Lending today announced it has provided a $200 million asset-based credit facility to Severstal Warren, Inc., a steel producer and indirectly owned subsidiary of OAO Severstal. The loan will be used for ongoing working capital needs. Based in Warren, OH, Severstal Warren is an integrated flat-rolled steel producer with an annual raw steel capacity of 1.4 million tons. The company produces more than 185 grades of high-quality steel used by strip converters,...

2008-07-28 12:01:07

GE Healthcare Financial Services, acting as Sole Lead Arranger, Sole Book Runner and Administrative Agent, has provided a $75 million Senior Secured Credit Facility to The Schumacher Group, a leading emergency medicine management firm. The Lafayette, LA-based company will use the credit proceeds to fund its continued expansion and refinance existing debt. "GE Healthcare Financial Services' knowledge of our industry enabled it to quickly understand our business and craft a flexible solution...


Word of the Day
attercop
  • A spider.
  • Figuratively, a peevish, testy, ill-natured person.
'Attercop' comes from the Old English 'atorcoppe,' where 'atter' means 'poison, venom' and‎ 'cop' means 'spider.' 'Coppa' is a derivative of 'cop,' top, summit, round head, or 'copp,' cup, vessel, which refers to 'the supposed venomous properties of spiders,' says the OED. 'Copp' is still found in the word 'cobweb.'
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