Tag Archives: ECI

Business, Finance, Occupation & Industry

GE Capital is Administrative Agent on $195 Million Credit Facility for Electrical Components Interna

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By Business Wirevia The Motley Fool

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GE Capital is Administrative Agent on $195 Million Credit Facility for Electrical Components International

NORWALK, Conn.–(BUSINESS WIRE)– GE Capital, Corporate Finance today announced it is administrative agent on a $195 million cash flow credit facility for Electrical Components International, Inc. (ECI), a leading wire harnesses manufacturer. The proceeds will refinance debt, support ongoing working capital needs and be used for other corporate purposes. GE Capital Markets served as joint lead arranger and joint book runner.

Founded in 1953 and based in St. Louis, MO, ECI is a leading global manufacturer of wire harnesses and provider of assembly services. ECI‘s wire harness products are used in a variety of applications such as major appliances, agricultural and construction equipment, heating, ventilating and air conditioning, specialty transportation, commercial appliance and the commercial electronic industries. ECI has more than 14,000 employees, and global manufacturing and logistics facilities.

“We’ve worked with GE for over 20 years and they’ve come to know our company well,” said David Webster, CEO of ECI. “We value having GE‘s industry knowledge and expertise to help meet our business and capital needs.”

“Manufacturers today benefit from working with proactive lenders with debt capital markets expertise,” said Tom Quindlen, president and CEO of GE Capital, Corporate Finance. “We provide smart capital to middle-market companies to help them meet business objectives.”

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. Funding may be provided through GE Capital, Corporate Finance‘s affiliate, GE Capital Financial. Inc., Member, FDIC. Financing supports working capital, growth, acquisitions, turnarounds and balance sheet optimization in key sectors: Aerospace and defense; automotive and transportation; chemicals and plastics; construction and building products, corporate aircraft; energy; 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 gelending.com/clnews 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 (NYS: GE) works on things that matter. The best people and the best technologies taking on the toughest challenges. Finding solutions in energy, health and …read more

Source: FULL ARTICLE at DailyFinance

News, Politics, Government

Champions League: Why Barcelona Are Favored, Who Is the Dark Horse, & Where Are the English Clubs?

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By Zach Slaton, Contributor

The UEFA Champions League returns Tuesday night after a three-week break, with Bayern Munich vs. Juventus and Paris Saint-Germain vs. Barcelona kicking off the tournament’s quarterfinal round.  Matches between Real Madrid vs. Galatasaray and Malaga vs. Borussia Dortmund provide a second helping of quarterfinal action on Wednesday evening.  These games kick off a sprint of four matches over two rounds in the next month that will determine which two teams will face each other in the championship match in London’s Wembley Stadium at the end of May.  Familiar names like Barcelona and Real Madrid must be favored as the eventual winners of the tournament, but by how much?  Statistics from the Euro Club Index (ECI) provide a projection of just how favored each team is to win this year’s Champions League tournament (click here for more detail on their methodology).  The table below summarizes each club’s Champions League title likelihood per the ECI’s “League Odds” view as of Monday evening. …read more
Source: FULL ARTICLE at Forbes Latest

Business, Finance, Occupation & Industry

Trillion Communications Construction Machinery, Fiber Optic Cable, Network Processing Equipment and

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By Business Wirevia The Motley Fool

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Trillion Communications Construction Machinery, Fiber Optic Cable, Network Processing Equipment and Related Assets to be Sold via Global Online Auction by Heritage Global Partners April 3-4

SAN DIEGO & MONTGOMERY, Ala.–(BUSINESS WIRE)– Heritage Global Partners (“HGP“), a global leader in asset advisory and auction services and a wholly owned subsidiary of Counsel RB Capital (OTCQB: CRBN), and Cloud Investment Partners, LLP, today announced their upcoming global online auction sale of Trillion Communications‘ construction machinery, fiber optic cable, network processing equipment and security devices, and related industrial assets including an array of new and unused equipment.

The auction is scheduled to launch at 7 am CT on April 3, 2013 and lots will begin to close on April 4, 2013 at 10 am CT. A full listing of assets for sale can be found online at: Trillium Auction. Interested bidders are encouraged to attend the on-site auction preview and inspection on April 2, between 9 am and 4 pm CT at 8782 County Rd 26 in Hope Hull, AL (36403). Prospective bidders may also contact Brandon Smith of Heritage Global Partners for more information (see contact info below).

The sale includes, among other items, new spools of Prysmian/Draca DS064 EZ Micro Duct fiber optic cable (over 900,000 ft. in total), mint condition Ditch Witch underground construction equipment,Radware DefensePro and McAfee network security devices,ECI processing equipment, and much more. Many of the assets to be sold are new and unused, including Kohler 25REZG 25kW Generators still in the original packaging.

“Our upcoming sale of Trillium Communications‘ features a broad array of high-quality capital assets such as state-of-the-industry fiber optic cable, network equipment, and construction machinery. We are anticipating very strong demand for the sale, as it presents a unique opportunity for online buyers to purchase lightly used equipment in pristine condition as well as completely new and unused industrial and telecom network assets.” stated Brandon Smith, Director of Sales at Heritage Global Partners.

Led by auction industry pioneers Ross and Kirk Dove, Heritage Global Partners is one of the leading worldwide asset advisory and auction services firms, assisting companies with buying and selling assets. HGP specializes in asset brokerage, inspection, and valuations, industrial equipment and real estate auctions, and much more.

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Source: FULL ARTICLE at DailyFinance