GE noted in its recent Q3/15 earnings report that it signed $126 billion of dispositions, ahead of plan and on track for goal of closing about $100 billion by year-end. read more
OCT 16, 2015 - 7:54 am
The Wall Street Journal reported that Wells Fargo finance chief John Shrewsberry said it is unlikely that the bank will pursue any other GE-related acquisitions. read more
OCT 16, 2015 - 7:36 am
GE reached an agreement to sell GE Capital’s global Commercial Distribution Finance, North American Vendor Finance and Corporate Finance platforms to Wells Fargo. read more
OCT 14, 2015 - 7:37 am
Reuters reported that GE is in advanced talks to sell a finance portfolio worth more than $30 billion to Wells Fargo. Reuters said the deal encompasses vendor financing, commercial distribution finance and direct lending assets. read more
OCT 12, 2015 - 8:12 am
Global Jet Capital has agreed to purchase the aircraft lease and loan portfolio for GE Capital Corporate Aircraft in the Americas representing about $2.5 billion of net assets. read more
OCT 6, 2015 - 6:58 am
GE Capital has signed nearly $95 billion in deals to reduce its size as of the end of Q3/15. read more
OCT 5, 2015 - 7:55 am
GE Capital announced the early participation results of the private offers commenced by GE Capital International Funding showed $54 billion principal amount of Old Notes were tendered in the Exchange offers by the early participation date. read more
OCT 5, 2015 - 7:29 am
GE announced it reached separate agreements to sell its tank car fleet assets and repair facilities to Marmon Holdings, and its remaining railcar leasing business to Wells Fargo. read more
OCT 1, 2015 - 7:14 am
GE Capital, Canada served as administrative agent and sole lender on a $13 million credit facility to Canam Group, a steel components fabricator. read more
OCT 1, 2015 - 6:26 am
GE reached an agreement with UK Export Finance to access export financing for up to $12 billion. read more
SEP 25, 2015 - 7:10 am
Citing sources familiar with the matter, Bloomberg reported that GE Capital has agreed to sell its private-equity investment group to Ardian for roughly $500 million. read more
SEP 24, 2015 - 8:25 am
GE Capital announced that a newly formed finance subsidiary, GE International Funding, has commenced private offers to exchange new notes for outstanding debt securities. The move is expected to be a key step in terminating the nonbank systemically important financial institution designation for GECC. read more
SEP 22, 2015 - 7:25 am
GE completed the previously announced sale of its European Sponsor Finance business to Sumitomo Mitsui representing an aggregate ending net investment of approximately $2.1 billion. read more
SEP 17, 2015 - 7:42 am
Bloomberg reported that KKR and Apollo Global Management are seeking to acquire GE’s inventory finance arm, a unit with $11 billion in assets. read more
SEP 14, 2015 - 7:17 am
GE reached an agreement to sell its GE Capital, Transportation Finance business in the U.S. and Canada to BMO Financial Group. The price of the sale was not disclosed, but GE Capital said the business has approximately $9 billion in assets. read more
SEP 11, 2015 - 7:30 am