Latest GE Consumer Finance Stories

2008-11-04 09:00:23

GE Energy Financial Services, a unit of GE (NYSE: GE), announced today it has formed a partnership with TriTex Energy, LLC to acquire proved oil and gas reserves in southeastern New Mexico for $31 million. GE Energy Financial Services has invested more than $360 million in proved oil and gas reserves in five transactions this year, an annual record for the business. GE Energy Financial Services is investing $30 million as the 98 percent limited partner. TriTex Energy, LLC is investing...

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,...

2008-08-19 09:01:13

GE Healthcare Financial Services' corporate finance team ended the first six months of 2008 as one of the most active capital providers in today's healthcare market, closing 23 transactions totaling $1.8 billion. "We're committed to providing healthcare companies with the most comprehensive business and financial resources in the industry," said Bob McCarrick, Senior Managing Director for GE Healthcare Financial Services' corporate finance team. "We have deep industry knowledge and the...

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...

2005-08-12 11:20:00

By Douglas Busvine MOSCOW (Reuters) - It's Sunday lunchtime and shoppers in the IKEA furniture superstore in Khimki, a Moscow suburb, are lining up at the cafeteria after a hard morning at the mall. There's a queue too at the booth by the restaurant entrance, as the half-dozen staff of Delta Bank's in-store sales team issue on-the-spot loans and credit cards -- so that people can hit the retail trail again. "It's so easy and convenient," said Adelaida Ilyina, a woman in her 40s smiling after...

Word of the Day
  • A punctuation mark (/) used to separate related items of information.
  • A little rod; a twig.
This word comes from the Late Latin 'virgula,' accentual mark, a diminutive of 'virga,' rod.