8-22-13 8:00 AM EDT | Email Article

GE Capital’s Telecom, Media and Technology (TMT) financing business today announced it completed more than 30 transactions totaling $2.7 billion in financing during 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 has a long history with and strong relationships across the telecom, media and technology markets,” said Pete Foley, senior managing director of GE Capital’s Telecom, Media and Technology team. “This depth of coverage allowed us to deliver a strong first half, providing financial and intellectual capital to help our customers meet their business goals.”

Roadnet Technologies

GE Capital served as admin agent on a $65MM credit facility for Roadnet Technologies, a portfolio company of Thoma Bravo, in the second quarter of 2013. GE Capital Markets served as joint lead arranger and sole bookrunner on the transaction. Roadnet Technologies is a global provider of integrated Transportation Management Systems. The company’s products enable organizations to reduce transportation expenses and enhance customer service.

“GE’s renewed focus on technology and experience in the space positioned them as a good choice to lead this transaction,” said Holden Spaht of Thoma Bravo. “They were able to structure a deal that met our goals and held a meaningful portion of the facility. We were pleased to be able to work with a lender that knows the industry, understands our company and has the private equity experience.”

Tech Valley Communications

In July, GE Capital was sole lead arranger on a $45MM credit facility for Tech Valley Communications (TVC). a portfolio company of Riverside Partners. Headquartered in Albany, NY, 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.

“The new credit facility helped us fund the recent acquisition of the TelJet Longhaul fiber network in Vermont as well as accelerate our expansion plans,” stated Kevin O’Connor, chief executive officer and co-founder of Tech Valley Communications. “It was great to have GE work with us on this financing as they are knowledgeable in our sector and have a close working relationship with Riverside Partners.”

Entravision

GE Capital led a $405 million credit facility for Entravision communications, a diversified Spanish-language media company. Entravision, headquartered in Santa Monica, California utilizes its television, radio and digital assets to reach Latino consumers across the United States and the border markets of Mexico. GE Capital has led financings for Entravision since 2010.

Greater Media

In the first quarter, GE Capital served as co-syndication agent on a $160MM 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. GE Capital Markets served as joint lead arranger on the transaction.

“Greater Media has grown from a single market to one of America’s top independent radio groups,” said Peter H. Smyth, chairman and chief executive officer of Greater Media. “GE’s expertise in the media sector has made them a truly valued financial resource as we continue to grow our business. Their industry knowledge and experiences in our market allows them to deliver solid financing solutions that help us meet our business and capital needs.”

About GE Capital, Telecom, Media and Technology

GE Capital’s Telecom, Media and Technology business provides financing to enable corporate growth, acquisitions and balance sheet refinancings to companies in the following industries: cable, towers, data centers, wireless, metro fiber, radio, TV, digital media, education services and software. It also finances technology companies that enable these industries. With Access GE, clients also benefit from access to GE’s best practices. Visit gecapital.com/tmt.

GE Capital offers consumers and businesses around the globe an array of financial products and services. For more information, visit www.gecapital.com or follow company news via Twitter (https://twitter.com/GECapital).

GE (NYSE:GE) works on things that matter. The best people and the best technologies taking on the toughest challenges. Finding solutions in energy, health and home, transportation and finance. Building, powering, moving and curing the world. Not just imagining. Doing. GE works. For more information, visit the company's website at www.ge.com.

GE Capital, Americas
Jennifer Sampson, 312-441-7055
Jennifer.sampson1@ge.com

Copyright Business Wire 2013
Add a Comment

News   More...

Securities related to this article
Guess? Inc View ges Stock Quote
General Electric Co View ge Stock Quote
Genesis Resources Limited View ges Stock Quote
General Electric Co View ge Stock Quote
Guess? Inc View ges Stock Quote
Gemoscan Canada, Inc. View ges Stock Quote
General Electric Co View ge Stock Quote
 
Start Premium Trial Register For Free

P F Fund Financial Data (13,000+ funds)
P F Stock Financial Data (7,000+ stocks)
P F Stock and Fund Screeners (basic)
P F Investing Articles and Market Commentary
P F Articles Archive (>30 days)
P F Discuss (dozens of stock, fund, bond, and general bulletin boards)
P F Portfolio Manager (basic)
P F Morningstar Investment Classroom
P F Access Your Portfolio Anytime, Anywhere via Your Mobile Device
P   Morningstar Fund Analyst Reports (full research on 1,700 funds, ETFs, and CEFs)
P   Morningstar Stock Analyst Reports (full research on more than 1,100 stocks)
P   Portfolio Manager (advanced with 10 X-Ray analyses, including recommendations)
P   Portfolio Monitor (monthly and on-demand personalized portfolio statements)
P   Morningstar Proprietary Stock Information (stock star ratings, buy/sell prices, economic moat ratings, and more)
P   Morningstar 5-Star Stock and Fund Favorites & Red Flags eNewsletters
P   Premium Stock and Fund Screeners (advanced with nearly infinite ways to find the best securities for you)
P   Discounts on Morningstar newsletters, books, seminars, and more

Sign-up to Morningstar


Basic Access

Articles and Videos
Morningstar video reports, articles, data, and tools. Dig into our lineup of e-newsletters and investing classroom courses outlining sensible strategies for maximizing your investments.
Morningstar Discuss
Follow the buzz on individual stocks or fund families. Plus, read the latest posts from Morningstar members and analysts.
Portfolio Manager
Track your investments and watch lists with our Portfolio Manager. Customize your view with our comprehensive stock, fund, and ETF data.

Access these features and more when you sign up for Free Membership.
Join Morningstar today. It's Free.

Unlimited Access

Analyst Research
Gather in-depth, actionable insight on over 3,700 stock and mutual funds covered by Morningstar analysts. View our mutual fund Analyst Reports favored by professionals, savvy experienced investors, and new investors researching options for retirement savings, college plans, or other investment needs.
Portfolio X-Ray®
Ensure your portfolio is positioned exactly how you want with Morningstar's X-Ray Interpreter and Stock Intersection tools. A Barron's "Best of the Web" award winner for five years running, X-Ray Interpreter goes under the hood of your portfolio to provide a useful allocation, sector, and geographic analysis. And you can discover how much of a stock you really own, individually and through mutual funds, with Stock Intersection.
Investment Picks
Find new 5-star stocks (greatly undervalued companies) to consider daily. Our 5-star stock rating is a proven winner, consistently beating benchmarks like the S&P 500. Plus, browse our Fund Analyst Picks and Stewardship Grades to find shareholder-friendly mutual funds that are poised for outperformance.
Portfolio Monitor
Get a clear view of your investments with personalized reports about your portfolio. Receive monthly statements and generate reports on-demand to help you stay on track to meet your investment goals.

Access these features and more when you sign up for Premium Membership.
Start your free 14-day trial today online
Your subscription may be tax deductible. Please contact your tax advisor.

Content Partners
Morningstar - - GE Capital Provides $2.7 Billion in Telecom, Media and Technology Financing in First Half of 2013
Name |  Ticker |  Star Rating |  Market Cap |  Stock Type |  Sector |  Industry Star Rating |  Investment Style |  Total Assets |  Category |  Top Holdings |  Top Sectors |  Symbol |  Title Star Rating |  Category |  Total Assets |  Top Holdings |  Top Sectors |  Symbol |  Name Topic |  Sector |  Key Indicators |  User Interest |  Market Cap |  Industry Name |  Ticker |  Star Rating |  Market Cap |  Stock Type |  Sector |  Industry Star Rating |  Investment Style |  Total Assets |  Category |  Top Holdings |  Top Sectors |  Symbol / Ticker |  Title Star Rating |  Category |  Total Assets |  Symbol / Ticker |  Name Title |  Date |  Author |  Collection |  Popularity |  Interest Title |  Date |  Company |  Symbol |  Interest |  Popularity Title |  Date |  Company |  Symbol |  Interest |  Popularity Title |  Date |  Author |  Collection |  Interest |  Popularity

Previous: GE Capital Provides $110 Million to Arthur Schuman, Inc.  |  Next: GE Capital Provides $22.5 Million in Marine Fleet Financing to Laborde Marine