Diversified Financial Services
Company Overview of General Electric Capital Corporation
General Electric Capital Corporation provides various financial products and services worldwide. The company’s Commercial Lending and Leasing segment offers secured commercial loans, equipment financing, and other financial services to companies in a range of industries, including construction, retail, manufacturing, transportation, media, communications, technology, and healthcare, as well as industrial, medical, fleet vehicle, corporate construction, office imaging, and various other equipment types. Its Consumer segment provides private-label credit cards, personal loans, bank cards, auto loans and leases, mortgages, debt consolidation, home equity loans, deposit and other savings product...
901 Main Avenue
Norwalk, CT 06851
Founded in 1932
Key Executives for General Electric Capital Corporation
Chairman and Chief Executive Officer
President and Chief Operating Officer
President, Modular Space Division
Chief Financial Officer and Director
Chief Executive Officer of GE Japan Corporation, President of GE Japan Corporation and Senior Vice President of GE
Compensation as of Fiscal Year 2015.
General Electric Capital Corporation Key Developments
Ex-GE Capital India Executives Reportedly Seeks To Acquire GE Capital's Loan Portfolio
Nov 7 15
Pramod Bhasin and Anil Chawla, Ex top executives at General Electric India, have teamed up to jointly purchase of consumer and commercial loan portfolio of General Electric Capital Corporation for approximately $400 million, according to people with knowledge of the discussions. "There is a separate formal process that is underway to divest GE Capital's stakes in its credit cards joint venture with SBI. Bhasin and Chawla's offer is for the rest of GE Capital's local portfolio." said one of the sources.
General Electric Capital Corporation Announces Expiration and Final Results of Private Exchange Offers
Oct 20 15
General Electric Capital Corporation announced the expiration and final results of the previously announced private offers commenced by GE Capital International Funding Company to exchange (the "Exchange Offers") the Issuer's new senior unsecured notes (collectively, the "New Notes") for certain outstanding debt securities (collectively, the "Old Notes"). The Exchange Offers expired at 11:59 p.m., New York City time on October 19, 2015 (the "Expiration Date"). The Withdrawal Deadline expired at 5:00 p.m., New York City time on October 2, 2015. Old Notes tendered for exchange may not be validly withdrawn. As expected, there have been no material changes in the results of the Exchange Offers since the Early Participation Date. Based on information provided by D.F. King & Co. Inc. and Lucid Issuer Services Limited, the exchange agents and information agents for the Exchange Offers (the "Exchange Agents"), approximately $37.5 billion principal amount of Old Notes were validly tendered in the Market Value Exchange Offers by the Expiration Date, including approximately $0.5 billion principal amount of Old Notes validly tendered since the Early Participation Date. All Old Notes validly tendered in the 2016 Market Value Exchange Offers will be accepted in the 2016 Market Value Exchange Offers, resulting in the issuance of approximately $16.4 billion of 2016 New Notes. Applying a proration factor of approximately 71.37% to the Old Notes tendered in 2020/2025/2035 Market Value Exchange Offers will result in an aggregate issuance of $36.0 billion of New Notes in the Exchange Offers.
General Electric Capital Commercial Lending & Leasing Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended Sept. 30, 2015
Oct 16 15
General Electric Capital Commercial Lending & Leasing reported unaudited earnings results for the third quarter and nine months ended Sept. 30, 2015. For the quarter, the company reported total revenues were $285 million against $251 million last year. Profit was $111 million against $90 million a year ago.
For the nine months, the company reported total revenues were $790 million against $743 million last year. Profit was $286 million against $252 million a year ago.
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