GE Capital, Healthcare Financial Services is serving as sole lender and administrative agent on $12 million in senior secured credit facilities for SIGA Technologies, consisting of a $5 million term loan and a $7 million revolving line of credit.
GE Capital, Franchise Finance said it recently provided $4.4 million to Romulus Restaurant Group, an IHOP franchisee, for the acquisition of six stores in Oklahoma.
GE Capital’s Commercial Distribution Finance business said it is optimistic about the outlook for the music instrument industry, noting modest growth in 2012, with macro-economic indicators trending favorably, an improved retail environment and positive ordering trends.
GE Capital, Healthcare Financial Services said it is serving as administrative agent on a $45 million senior secured credit facility for The Brooklyn Hospital Center.
GE said its finance unit Q4 and full year profit of $1.8 billion and $7.4 billion, respectively was up 9% and 12% compared to the same 2011 periods. The finance unit also paid a $1 billion dividend to the parent, bringing the YTD total to $6.4 billion.
GE Capital Retail Bank said it finalized the acquisition of MetLife’s deposit base and online deposits business. The deal adds approximately $6.4 billion in deposits.
GE Capital, Healthcare Financial Services said it is serving as administrative agent on a $21.5 million senior secured credit facility for Amedica.
GE Capital, Healthcare Financial Services said it is serving as administrative agent on a $400 million asset-based revolving credit facility, and as syndication agent on a $325 million cash-flow term loan credit facility, for Genesis HealthCare.
The Stamford Advocate is reporting that GE Capital is being sued by creditors of hedge funds defrauded in the Thomas Petters Ponzi scheme.
Huttig Building Products amended its $120 million senior secured credit facility, extending the maturity five years to December 21, 2017. GE Capital and Wells Fargo Capital Finance were co-lenders.