GE Capital Related Content

GE Capital Funds $400MM Acquisition of Wise Metals

GE Capital announced it provided a $400 million credit facility to help fund the acquisition of Wise Metals Intermediate Holdings by Constellium N.V., a producer of aluminum products. read more

GE Capital CLL Unit Q4 Profit More than Doubles

GE reported its GE Capital Commercial Lending and Leasing unit Q4/14 segment profit of $549 million was more than double CLL’s reported Q4/13 segment profit of $263 million. Overall, GE Capital’s Q4 and full year profit of $1.9 billion and $7.0 billion, respectively, was off 19% and 12% compared to the same 2013 periods. read more

GE Capital’s TMT Business Closes 50+ Deals in 2014

GE Capital’s Telecom, Media and Technology financing business announced it completed more than 50 transactions totaling $5 billion during 2014. read more

Trucking Company CEO Pleads Guilty in GE Capital Fraud

According to court records, Sergio F. Lagos, former CEO of USA Dry Van Logistics was found guilty of committing $26 million in wire fraud in a case involving a $38 million financing agreement with GE Capital. read more

GE Capital Named Best Factoring House

GE Capital was named as 2014 best global factoring house by Global Trade Review , the international publication for the trade commodity and export finance industry. read more

GE Capital: Strength in Hospitality, Industrial Construction Markets

According to GE Capital’s Q4/14 Construction Update, non-residential construction should continue to benefit from strength in the hospitality, office and industrial markets. read more

GE Appoints VP/Global Tax Director for GE Capital

GE announced the appointment of three new company officers, which included Michael Gosk who was appointed VP, global tax director for GE Capital. read more

GE Capital Provides YouFit with $45MM Facility

GE Capital is providing a $45 million credit facility to YouFit. The facility will be used to support the company's future growth plans and general working capital needs. read more

GE Forecasting 10% Profit Rise; GE Capital 33%-35% of EPS

Bloomberg reported GE is forecasting a profit rise in its industrial units will rise at least 10% in 2015. Total operating earnings will be about $1.70-$1.80 per share with earnings from GE Capital of about $0.60 per share. read more

Bloomberg: Investors Lining Up to Acquire GE Money Australia

Bloomber reported that Wesfarmers and Appollo Global management made a joint bid for GE’s Australian consumer-finance arm, which may fetch as much as $1.2 billion. read more

GE Capital: Healthcare Execs Expect Additional Equipment Financing

According to the GE Capital Q4 Healthcare Industry Economic Outlook Survey, middle market leaders in the healthcare sector expect greater capital expenditures and additional financing for equipment in 2015. read more

Hungary to Buy GE Capital’s Budapest Bank

Bloomberg reported that Hungary will buy GE Capital’s Budapest Bank, the country’s eighth-largest bank in terms of assets. read more

GE Capital, Others Finance PSSI Recap

Packers Holdings completed a recapitalization of the company by Harvest Partners and Leonard Green & Partners. Committed debt financing was provided by Morgan Stanley, GE Capital and Crescent Mezzanine. read more

GE Capital Transportation Finance Joins Women in Trucking Assoc

The Women in Trucking Association announced that GE Capital, Transportation Finance has joined its association as a Gold Level Partner. John Dietze, SVP of Dealer Sales, will serve on the board of directors. read more

Fed Proposes Stringent Regulatory Standards for GE Capital

According to a Zacks Equity research paper, the Fed has devised a set of stringent regulations for GE Capital as if it were a bank holding company, with added governance rules tailored in accordance with it unique structure and profile. read more

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