Both Mubadala and GECC
have provided capital and liquidity to the joint venture since founding MGEC (55 per cent of MGEC's current borrowings are due to its shareholders as of June 2015) and are committed to the transaction with MidCap.
a commitment of a substantial 10-year funding line from GECC
The two previously announced secured financings with GECC
were for USD80m, or around CAD98m, completed on 23 December 2008 and USD75m, or around CAD92m, completed on 30 January 2009.
personally guaranteed the repayment.
fashion, with GECC
and Mubadala continuing to support MGEC during the
This is because MGEC currently relies heavily on GECC
to originate new business, while GECC
anticipates that it will shrink to approximately 25 per cent of its current size (primarily through asset sales over the next three years) following GE's streamlining decision.
Meanwhile the conclusion of the sale and leaseback of a Boeing 777-300ER aircraft with GE Commercial Aviation Services (GECAS), a division of GECC
, has been deferred.
To reduce its risks, GECC
formed Castle Harbour, a limited liability company to which it contributed aircraft.
General Electric Capital Corporation closed a $391 million real estate secured loan to affiliates of Tarragon Corporation with attorneys from the international law firm of Morrison & Foerster LLP representing GECC
, which is a major financing institution for both retailers, may have plenty to gain, or at least retain, by getting the two together.
the increasing dependence on its parent, GECC
, for funding.
6 January 2012 - Credit Suisse (VTX:CSGN) and UBS (VTX:UBSN) have managed the CHF500m (USD524m/EUR410m) bond sale of General Electric Capital Corp (NYSE:GEA), or GECC
, which was priced on Thursday, Reuters reported.