GE Energy Financial Services arranged a $200 senior secured revolving credit facility for All American Oil & Gas to refinance debt and fund reserve development in the Bakersfield, CA Kern River Oil Field.
Reuters reported that GE expects annual profit from energy investments to double by 2010, highlighting the company’s desire to remain a financing powerhouse for industry even as it slims it credit card portfolio.
GE Energy Financial Services, through GE Capital Markets, served as the lead arranger in a $97.4 million facility for Saguaro Power’s cogeneration project in Nevada. CIT Corporate Finance participated in the facility as a lender.
Competitive Power Ventures, GE Energy Financial and Arclight Capital announced they have closed financing arranged by GE Capital Markets for the $842 million CPV Woodbridge Energy Center in New Jersey.
GE Energy Financial Services served as administrative agent, sole lead arranger and sole bookrunner in a $200 million credit facility for SND Consolidated Energy to refinance debt and fund oil and gas field development.