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 Supports Growth in Mobility Vehicles Industry

November 12, 2014

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CHICAGO, NOV 12, 2014 — GE Capital, Commercial Distribution Finance (CDF) is working closely with mobility vehicle manufacturers and dealers as the industry experiences unprecedented growth. The mobility vehicles industry, which provides opportunity for people with disabilities to drive or be transported in vehicles modified with mobility equipment, is growing due to an aging population, an increased number of veterans and more consumer awareness around the need for private and public accessible vehicles. With the National Mobility Equipment Dealers Association (NMEDA) reporting that there are over 18 million people in the U.S. and Canada with mobility needs, it appears the industry is primed for long-term growth.

GE Capital’s CDF business is investing by working with manufacturers to provide inventory financing programs to dealers, developing relationships with trade associations supporting mobility issues and providing an experienced team. Supporting the industry since 2005, CDF currently provides inventory financing to 175 dealers across the country.  

“We have grown with the industry, navigating changes to the industry landscape together, and collaborating to meet the unique needs of this important vehicle sector,” said Tim Hyland, president of CDF’s specialty vehicles group.  “Our inventory financing portfolio has grown by double digits over the last year, and we expect this growth to continue for the next several years.”

CDF offers a variety of financial solutions to help dealers stock and merchandise product, including a program to help finance the Veteran’s Affairs (VA) subsidies provided to eligible veterans when purchasing mobility vehicles. Dealers who participate in the VA program can defer payment to CDF until they get reimbursed by the VA.

“Mobility vehicles can have a huge impact on quality of life, and we want to make sure our dealers are able to get their products to those who need it most,” said Hyland. “That’s why we work closely with our customers to design innovative programs that meet the needs of their businesses.”

Inventory financing, also known as floorplan financing, is an important element of a successful manufacturer-dealer business model. Manufacturers and distributors can benefit from enhanced product flow and increased sales opportunities, while dealers can obtain improved terms and credit availability.

About GE Capital, Commercial Distribution Finance

GE Capital, Commercial Distribution Finance provided $34 billion in financing for more than 30,000 dealers and more than 3,000 distributors and manufacturers in the U.S. and Canada in 2013. Programs include inventory and accounts receivable financing, asset-based lending, private label financing, collateral management and related financial products. For more information, visit http://www.gecdf.com/ or follow company news via Twitter (http://twitter.com/GEInventoryFin).

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 Oil & Gas Supplying Malaysia’s PETRONAS with Turbomachinery for Second Floating LNG Facility

November 12, 2014

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• GE to Provide Compressor Train, Mechanical Drive Equipment for New Offshore Facility
• Facility to be Malaysia’s Second Floating LNG (FLNG), Keeping Pace with Offshore Growth
• GE Also Supplied Turbomachinery Solutions for PETRONAS’ First FLNG

KUALA LUMPUR, MALAYSIA—November 12, 2014—GE Oil & Gas (NYSE: GE) today announced it will supply its proven gas turbine-driven compressor train and mechanical drive technology to Malaysia’s national oil and gas company, PETRONAS, for a second floating liquefied natural gas (FLNG) facility that is being developed off the coast of East Malaysia.

The latest project marks another major order with PETRONAS under a global frame agreement for equipment supply between the two companies. GE was awarded the contract primarily because its turbomachinery has a successful track record of supporting offshore LNG production.

“We are excited to move ahead with the development of our second FLNG facility that will boost our LNG production to help meet Asia’s growing energy needs,” said Datuk Abdullah Karim, vice president and venture director, LNG Projects (Domestic), Upstream Business, PETRONAS. “This project marks another important step as we seek to position Malaysia as a strong regional and global LNG market player.”

Compression trains are vital elements of the liquefaction process, which cools natural gas to a liquid state. As part of its contract, GE will supply four of its PGT25+G4 gas turbine generator systems and two nitrogen trains featuring two LM6000-PF+ 2BCL907 aeroderivative gas turbines in mechanical-drive mode. Commercial operation is expected to begin in the third quarter of 2017. Once operational in the first quarter of 2018, the second FLNG facility will produce about 1.5 million tons a year (mtpa) of LNG.

For the first time ever, an LM6000 gas turbine is being applied to an FLNG project. The LM6000 gas turbine model, already used for offshore mechanical drive applications, has an overall installed fleet counting more than 1,000 units worldwide. GE’s equipment will be manufactured at the company’s assembly facilities in Florence and Massa, Italy.

“Following up on the turbomachinery we supplied for PETRONAS’ first FLNG facility—one of the first FLNG projects in the world—we are excited our equipment has been selected for their second FLNG as well, illustrating the breadth of LNG production activities we are supporting around the world both onshore and offshore,” said Rafael Santana, vice president and CEO of Turbomachinery Solutions—GE Oil & Gas.

Previously, PETRONAS also had selected GE’s turbocompressor equipment to power the Malaysian national oil and gas company’s first FLNG, which is currently being constructed in South Korea.

The new project will enable offshore LNG production in certain smaller gas fields that are lacking pipelines to an onshore LNG plant. The second FLNG plant will support the industrial sector’s growing demand for natural gas in Peninsular Malaysia, where many power plants and commercial customers are located.

About GE in Malaysia

GE’s footprint in Malaysia began in 1975 with a sales and service center. Today, GE is present in several major locations (Kuala Lumpur headquarters and an aircraft engine maintenance, repair and overhaul Center of Excellence in Subang) as well as key customers sites throughout the country. All of GE’s key businesses (Oil & Gas, Power & Water, Energy Management, Aviation, Healthcare, Transportation and Lighting) are present in Malaysia. The Kuala Lumpur office serves as the company’s ASEAN corporate headquarters as well as the Asia-Pacific headquarters for GE Oil & Gas. GE is committed to contributing to the nation’s sustainable development and prosperity, and is investing in its future with advanced technology solutions and services as a trusted and committed local partner.

About GE

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.

About GE Oil & Gas

GE Oil & Gas works on the things that matter in the oil and gas industry. In collaboration with our customers, we push the boundaries of technology to bring energy to the world. From extraction to transportation to end use, we address today's toughest challenges in order to fuel the future. Follow GE Oil & Gas on Twitter @GE_OilandGas.

Oracle Announces Oracle OpenWorld 2012 and JavaOne 2012 Calls for Papers

Oracle OpenWorld and JavaOne Registration Now Open

Redwood Shores, Calif. – March 28, 2012

News Facts

The Oracle OpenWorld 2012 and JavaOne 2012 calls for papers are now open. Customers, partners, developers and community members are encouraged to submit proposals to present at this year’s Oracle OpenWorld and JavaOne.

Oracle OpenWorld will be held September 30 - October 4, 2012 at the Moscone Center in San Francisco. JavaOne will be held September 30 - October 4, 2012 at the Zone (Hilton Union Square, Hotel Nikko, and Parc 55 Wyndham) in San Francisco.

Oracle welcomes proposals for presentations on a wide variety of topics, with content targeted at all levels of attendees, from beginner to expert. Thousands of attendees come to the conferences from around the world, representing Oracle customers, partners and developers, looking to learn from their peers.

Details and submission guidelines are available on the Oracle OpenWorld Call for Papersand the JavaOne Call for Papers websites.

Oracle OpenWorld 2012 registration and JavaOne 2012 registration are now available. Super Saver Registration, which offers the deepest discount on the regular conference price for each event, ends March 30, 2012.

Supporting Quote

“Oracle OpenWorld and JavaOne are venues for customers, partners and developers to share their ideas and experiences, and to learn from one another,” said Tania Weidick, vice president, Oracle Corporate Event Marketing. “Each year we issue a call for papers to help secure content from our customers and partners showcasing their case studies, best practices and experiences because Oracle OpenWorld and JavaOne attendees want to hear from their peers. We once again welcome and look forward to receiving presentations from our diverse community so we can deliver an unparalleled conference experience to our wide range of attendees.”

Supporting Resources

Oracle OpenWorld 2012

Oracle OpenWorld 2012 Call for Papers

Oracle OpenWorld Blog

Oracle OpenWorld on Oracle Mix

Oracle OpenWorld on Twitter

Oracle OpenWorld on Facebook

Oracle OpenWorld on LinkedIn

JavaOne 2012

JavaOne 2012 Call for Papers

Java Source Blog

JavaOne on Twitter

Java on Twitter

I love Java on Facebook

JavaOne on Facebook

JavaOne on LinkedIn

About Oracle

Oracle engineers hardware and software to work together in the cloud and in your data center. For more information about Oracle (NASDAQ:ORCL), visit www.oracle.com.