GE Commercial Finance Corporate Lending Names Bruce Buchanan as Managing Director, National Restructuring Group
NORWALK, Conn. — GE Commercial Finance Corporate Lending today announced that Bruce Buchanan has been promoted to Managing Director, leading the National Restructuring group. He most recently served as Co-Head of Originations and prior to that was Senior Vice President, Team Leader for the East Region of the National Restructuring group. The East Region completed over $5BN in new transactions under his leadership, including Delta, Mirant and Fleming.
“We intend to build on our already very strong market position in restructuring finance, providing debtor-in-possession, plan-of-reorganization, and out-of-court financings,” said Mr. Buchanan. “The robust high-yield market over the last few years has led to some very aggressive capital structures. This should fuel increased restructuring finance activity over the next twelve months and we plan to continue to be very responsive within the sector.”
Mr. Buchanan joined GE in 2001. Prior to joining the company, he held a variety of corporate finance positions with Bank of America, ING Capital, and Houlihan Lokey. Mr. Buchanan holds an MBA in Finance from New York University and a BA in Accounting and Business Administration from SUNY Albany.
GE’s National Restructuring group secures financing for companies restructuring either out of court or in a bankruptcy proceeding, as well as companies emerging from bankruptcy. Loans typically range from $30 million to $2 billion.
About GE Commercial Finance Corporate Lending
GE Commercial Finance Corporate Lending offers financing to clients from middle-market companies to large corporations. Products and services include asset-based financing, cash flow lending and corporate restructuring. Corporate Lending is a leading global provider of financing solutions for investment and non-investment grade companies – committed to supporting clients at all stages of the business cycle. For more information on the businesses and products of GE Commercial Finance Corporate Lending, please visit www.gelending.com. GE Commercial Finance, which offers businesses around the globe an array of financial products and services, has assets of over $230 billion and is headquartered in Stamford, Connecticut. GE (NYSE:GE) is Imagination at Work — a diversified technology, media and financial services company focused on solving some of the world’s toughest problems. With products and services ranging from aircraft engines, power generation, water processing and security technology to medical imaging, business and consumer financing, media content and advanced materials, GE serves customers in more than 100 countries and employs more than 300,000 people worldwide. For more information, visit the company’s website at www.ge.com.
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