GE to Sell Restaurant Financing Assets

June 28, 2016

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Selling bulk of GE Capital’s assets to three separate buyers.
Exclusive Brief: 

GE entered into separate agreements with three buyers to sell the bulk of GE Capital’s U.S. restaurant franchise financing assets. The combined transactions represent ending net investment (ENI) of approximately $1.4 billion as of first quarter 2016 and are collectively expected to release approximately $0.2 billion of capital to GE. The transactions are expected to close in the third quarter this year.