NORWALK, Conn.--11 April 2011-- GE Capital's Telecom, Media and Technology (TMT) financing business today announced that it has successfully completed 5 transactions totaling $591MM in financings in the first quarter of 2011.
"The first quarter for companies in our sector was active, in terms of both corporate financing and in financing private equity-backed companies," said Peter Foley, senior managing director of GE Capital, Telecom, Media and Technology. "The combination of improving industry fundamentals and much healthier capital markets mean we can expect to see lots more acquisitions and refinancing activity in this sector in the months ahead."
"With our team's broad expertise in this sector, we believe we are in a great position to help these companies capitalize on the improving business environment," Foley continued.
About GE Capital, Telecom, Media and Technology
GE Capital's Telecom, Media and Technology business provides senior credit facilities 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, educational services, and in other technology companies that enable these industries. With Access GE, clients also benefit from access to GE's best practices. Visit www.gecapital/tmt.
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 (NYSE: GE) is an advanced technology, services and finance company taking on the world's toughest challenges. For more information, visit ge.com.
Ned Reynolds
GE Capital
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