GE Capital sent out a press release yesterday explaining how happy they are to act “as collateral agent on a $200 million asset-based credit facility” for Quiksilver. Yes, that General Electric. Founded by Thomas Edison, owners of NBC Universal (Dew Tour, Alliance of Action Sports), makers of large jet engines.
“GE’s ability to commit a significant amount of capital helped to provide us with the liquidity we desired”, said Joe Scirocco, CFO for Quiksilver. “Also, their in-depth retail finance knowledge enabled us to quickly complete this transaction, which was integral to our ability to simultaneously execute other financing transactions both in the U.S. and in Europe.”
It doesn’t get much bigger than GE.
[Link: Lessors.com]
I’d wear a GE logo for life if they gave me a 200 Million………….
To Estes:
You would NOT wear a GE logo for life….It would be KENMORE Logo….that would last a LIFE TIME!
Jeffrey Immelt, MSNBC, NBC, klan of kooks! Run the company into the ground you own companies into the ground. Don’t take others with you.
Jeffrey Immelt and MSNBC are a klan of kooks. They should run their own companies into the ground and leave others alone.
G.E We bring good things to life…
http://www.kitsune.addr.com/Firearms/Machine-Guns/GE_XM214_Minigun.htm
oldie but a goodie.
GE…We bring BAD things to life….imagination to HELL!
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