GE Capital’s Telecom, Media and Technology (TMT) financing business has invested $2.7 billion in more than 30 transactions in financing in the first half of 2013.
The TMT business addresses the financial needs of customers in key growth sectors, including cable, data centers, towers, metro fiber, TV, radio, digital media and software, among others.
GE Capital served as admin agent on a $65 million credit facility for Roadnet Technologies, a portfolio company of Thoma Bravo, in the second quarter of 2013. Roadnet’s integrated transportation management systems enable organizations to reduce transportation expenses and enhance customer service.
Tech Valley Communications
In July, GE Capital was sole lead arranger on a $45 million credit facility for Tech Valley Communications (TVC), a portfolio company of Riverside Partners. TVC provides fiber optic data, voice, and high-speed internet services to enterprise, carrier and wholesale customers in Upstate New York and Northern New England.
GE Capital led a $405 million credit facility for Entravision, a diversified Spanish-language media company. Entravision utilizes its television, radio and digital assets to reach Latino consumers across the United States and the border markets of Mexico.
GE Capital served as co-syndication agent on a $160 million credit facility for Greater Media, Inc., a family-owned media company that operates 21 U.S. radio stations as well as communications towers in several states.