GE Capital Related Content

Wells Fargo Buys GE’s $32B Lending/Leasing Businesses

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


Reuters: GE Nears Deal to Sell $30B of Loans to Wells Fargo

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


GE Capital to Sell $2.5B Corporate Air Portfolio to Global Jet

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

GE Capital Nears $100 Billion in Asset Sales Since April

GE Capital has signed nearly $95 billion in deals to reduce its size as of the end of Q3/15. read more


GE Updates Exchange Offers Commenced by GE Capital International

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

GE Sells Tank Car Portfolio to Marmon, Railcar Leasing to Wells Fargo

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


GE Capital Provides $13MM to Canam Group

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

GE Receives $12B Export Financing From UK

GE reached an agreement with UK Export Finance to access export financing for up to $12 billion. read more

Bloomberg: GE Capital Will Sell Private-Equity Unit to Ardian

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


GE Capital Moves to Offset ‘Systemically Important’ Tag

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

GE Completes Sale of European Sponsor Finance Business

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


KKR, Apollo to Pursue GE’s $11B Inventory Finance Arm

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


GE to Sell Transportation Finance Unit to BMO

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


Bidders for GE Capital’s Australian Units Down to 3

According to the New York Times, there are only three remaining contenders for the final round of the auction for GE Capital’s Australian commercial lending and leasing businesses. read more


Element Closes GE Capital U.S. Fleet Acquisition

Element Financial closed the U.S.-based portion of the previously announced acquisition of the remaining North American fleet management operations of GE Capital. read more

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