GE Capital Franchise Finance Closes Revolver With Lightstone
Lightstone Value Plus said they have entered into a $45 million revolving credit facility with GE Capital, Franchise Finance.
Lightstone Value Plus said they have entered into a $45 million revolving credit facility with GE Capital, Franchise Finance.
A host of news sources are reporting that GE Capital has halted its lending program for purchases from gun shops. The sources said letters were sent to shops notifying them that the program would be terminated for future purchases.
Paul Hastings represented GE Capital in connection with the re-pricing of a $416 million term loan credit facility for Waupaca Foundry.
GE Capital’s Equipment Finance business said it is establishing a business development group led by 28-year GE Capital veteran Jim Kelly.
GE reported that its GE Capital unit revenues and profit in the first quarter 2013 were $11.54 billion and $1.93 billion, respectively up 2% and 9% compared to the same quarter in 2012.
GE Capital’s Canadian Franchise Finance business said it has established a development credit facility for Interaction Asian Restaurants to expand the P.F. Chang’s China Bistro concept in Canada.
GE Capital said it is administrative agent on a $195 million cash-flow credit facility for Electrical Components International.
GE Capital, Corporate Finance announced it is syndication agent on a $225 million senior secured credit facility to Federal Signal. GE Capital Markets served as joint lead arranger and joint book manager.
Brunswick and GE Capital, Commercial Distribution Finance announced an extension of their joint venture, Brunswick Acceptance Company, through 2016.
GE Capital’s Commercial Distribution established a $40 million inventory and working capital financing credit facility for ASI System Integration, a technology consulting service.