Latest GE Commercial Finance 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,...

2008-09-23 09:00:40

Trion World Network Inc. (Trion) announced today it has closed a $70 million Series C funding round. Since its formation in 2006, the company has raised more than $100 million - which is one of the largest amounts raised by gaming companies in recent history - from world-class venture capital firms and leading global media companies. The new funding, together with the company's strategic entertainment and technology partnerships, positions Trion as an emerging leader in the publishing and...

2008-09-10 21:00:26

GE Healthcare Financial Services has provided a $10 million Sale and Leaseback financing to Catholic Medical Center (CMC), the largest hospital chain in Korea. The Seoul, Korea-based company will use the financing to lease back various equipment, including electronics, medical equipment and furniture for their new hospital and cancer center. "It was a pleasure to work with GE Healthcare Financial Services. We are not only impressed by their ability to meet our financing needs at the right...

Word of the Day
  • The navel or umbilicus.
  • In Greek archaeology: A central boss, as on a shield, a bowl, etc.
  • A sacred stone in the temple of Apollo at Delphi, believed by the Greeks to mark the 'navel' or exact center-point of the earth.
'Omphalos' comes from the ancient Greek.