From GE:

GE Capital Aviation Services Delivers New Leased Boeing 737-800 to Japan’s Solaseed Air

April 1, 2015

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SHANNON, Ireland, April 1, 2015 -- GE Capital Aviation Services Limited (GECAS), the commercial aircraft leasing arm of GE, today announced delivery of a new leased Boeing 737-800 aircraft to Japan's Solaseed Air. The leased aircraft is part of GECAS' existing order book with Boeing.

Solaseed Air operates a fleet of 12 Boeing 737-800 aircraft to destinations in Japan.

About GE Capital Aviation Services (GECAS)
GECAS is the U.S. and Irish commercial aircraft financing and leasing business of GE. It is the global leader in aircraft financing, offering the widest range of aircraft types from helicopters to narrow and wide body jets, and financing options including operating leases and secured debt financing. With 40+ years of industry experience, GECAS currently leases more than 1,570 aircraft to over 235 customers in 75 countries and also provides productivity solutions including spare engine leasing, aviation consulting services, and spare parts financing and management.  A unit of GE Capital, GECAS stays close to its customers with offices in 24 cities around the world. (www.GECAS.com)

GE (NYSE: GE) imagines things others don’t, builds things others can’t and delivers outcomes that make the world work better. GE brings together the physical and digital worlds in ways no other company can. In its labs and factories and on the ground with customers, GE is inventing the next industrial era to move, power, build and cure the world. www.ge.com

Contact: Dan Whitney
Vice President, Global Communications
GE Capital
Aviation Services
T +1-203-842-5229
E dan.whitney@ge.com

Tags

• Business Unit: Capital, Aviation Financial Services

From GE:

GE Capital Leads $600 Million Revolving Credit Facility for Axiall

January 8, 2015

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CHICAGO –  GE Capital, Corporate Finance today announced it is serving as administrative agent on a $600 million revolving credit facility for Axiall Corporation.  The new, larger facility will be used for general working capital and to support the company’s ongoing growth.  GE Capital Markets served as co-lead arranger and joint book runner on the facility.

Based in Atlanta, Axiall manufactures and markets chemicals and building products for sale worldwide. The Company operates through three segments: Chlorovinyls, Building Products, and Aromatics.

“GE has been a supportive and responsive lender for Axiall since the relationship began five years ago,” said Tom Donahue, Vice President & Corporate Treasurer, Axiall. “They have a strong understanding of our business, and have worked with us and the bank group to add flexibility and increase the size of our revolving credit line to help support our growth.”

“Expanding Axiall’s credit facility helps support the company as they continue to grow,” said Bob McCarrick, chief commercial officer—lending at GE Capital, Corporate Finance. “We look to customize our financial solutions to meet the unique needs of our mid-size customers.”

About GE Capital, Corporate Finance

GE Capital, Corporate Finance provides asset-based, cash flow and structured loans and leases to mid-size and large U.S. businesses expanding in North America, Asia and Europe.  Financing supports working capital, growth, acquisitions, turnarounds and balance sheet optimization in key sectors: Aerospace; automotive and transportation; chemicals and plastics; construction and building products, corporate aircraft; oil and gas; food and beverage; manufacturing; marine; metals and mining; paper, packaging and forest products; retail; and technology and electronics.  With Access GE, clients also benefit from access to GE’s best practices to help build their business.  Visit geccf.com/newsroom or follow @GELendLease on Twitter.

GE Capital offers consumers and businesses around the globe an array of financial products and services.  For more information, visit gecapital.com or follow company news via Twitter (@GECapital). GE (NYSE: GE) works on things that matter.  The best people and the best technologies taking on the toughest challenges.  Finding solutions in energy, health and home, transportation and finance.  For more information, visit ge.com.

Tags

• Business Unit: Capital, Corporate Finance
• Region: North America
• Topics: Customers

From GE:

GE Capital Leads $95 Million Financing for Restaurant Franchisee JIB Management

November 12, 2014

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Funds expansion into El Pollo Loco and Corner Bakery brands

SCOTTSDALE, AZ, NOV. 12, 2014 — GE Capital’s Franchise Finance business announced today that it has provided a $95 million senior credit facility to JIB Management, Inc. A portion of the funding was provided by GE Capital’s bank affiliate, GE Capital Bank. GE Capital Markets acted as sole lead arranger and bookrunner and City National Bank was co-documentation agent.

JIB will use the majority of the funds to refinance existing debt. It will use the remainder to acquire and develop new El Pollo Loco restaurants in the San Antonio and Houston markets, and to develop Corner Bakery restaurants in the Las Vegas and Seattle markets.

Based in Fremont, CA, JIB is the largest domestic Jack in the Box franchisee with 221 restaurants, which amount to about 10% of the system’s units. It also operates 35 Denny’s restaurants, and six Sizzler restaurants.

“I’m grateful to GE Capital for helping finance my company’s expansion into two new brands to further diversify our operations,” said Anil Yadav, JIB’s founder. “Working with an experienced lender means I have a financial resource that really understands my business.”

GE Capital has had a relationship with JIB since 2003.

“JIB’s executive management team has a wealth of combined operating experience and a solid history of acquisitions and restaurant development,” said Trey Brown, sales leader of GEFF. “We’re pleased to see a long-time customer growing and thriving.”

The transaction was originated by Todd Cortell, a senior vice president with GEFF responsible for restaurant financing in the West region.

About GE Capital, Franchise Finance
GE Capital, Franchise Finance is a leading lender for the U.S. franchise finance market via direct sales and portfolio acquisitions. With more than 30 years of experience and over $6 billion in served assets, it provides financing to more than 2,000 customers and 14,000 properties. The business specializes in financing mid-market operators with multiple stores in the restaurant and hospitality industries. Its team of industry experts helps them realize their individualized growth plans. GE Capital, Franchise Finance customers also receive access to its proprietary industry research and cutting-edge digital tools. For more information, visit www.gefranchisefinance.com or follow company news via Twitter.

GE Capital offers consumers and businesses around the globe an array of financial products and services. For more information, visit www.gecapital.com or follow company news via Twitter.

GE (NYSE: GE) works on things that matter. The best people and the best technologies taking on the toughest challenges. Finding solutions in energy, health and home, transportation and finance. Building, powering, moving and curing the world. Not just imagining. Doing. GE works. For more information, visit the company's website at www.ge.com.

From GE:

GE Capital Aviation Services Delivers Three New Boeing 777-300ERs to China Airlines

November 12, 2014

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SHANNON, Ireland, November 12, 2014 – GE Capital Aviation Services Limited (GECAS), the commercial aircraft leasing arm of GE, today announced delivery of three new Boeing 777-300ERs to China Airlines to expand the airline’s fleet.

"China Airlines is very pleased to receive its third new 777-300ER from GECAS,” said Huang-Hsiang Sun, Chairman of China Airlines. “As we continue the addition of our new 777 aircraft, we will further strengthen our competitiveness and enhance our overall product offering.”

A fourth aircraft is scheduled for delivery in January 2015. All four are part of GECAS’ existing order book with Boeing.
 

About China Airlines
http://www.china-airlines.com

Founded in 1959, China Airlines is Taiwan’s largest airline with a fleet of 91 aircraft and more than 11,000 employees worldwide. As one of SkyTeam airline alliance’s 20 members, China Airlines offers passengers access to an extensive global network of more than 16,000 daily flights to 1,052 destinations in 177 countries. China Airlines has been named the “Best Airline in North Asia” by U.S.-based Global Traveler magazine. As part of the introduction of the 777-300ER fleet, China Airlines will launch next-generation services in 2014 to continue promoting superior aviation safety as well as eco-friendly, innovative and attentive services that provide travelers with the perfect travel experience.

About GE Capital Aviation Services (GECAS)

GECAS, the U.S. and Irish commercial aircraft financing and leasing business of GE, has a fleet of approximately 1,600 owned and serviced aircraft with 230 customers. With 40+ years of industry experience, GECAS is recognized as the pre-eminent airline leasing company in the world, offering a wide range of aircraft types and financing options, including operating leases and secured debt financing. GECAS also provides an ever expanding array of productivity solutions including spare engine leasing, aviation consulting services, and spare parts financing and management. GECAS, a unit of GE Capital, has offices in 23 cities around the world, and services customers in 75+ countries. (www.GECAS.com) 

GE (NYSE: GE) works on things that matter. The best people and the best technologies taking on the toughest challenges. Finding solutions in energy, health and home, transportation and finance. Building, powering, moving and curing the world. Not just imagining. Doing. GE works. For more information, visit the company's website at www.ge.com.

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