NORWALK, Conn.--(BUSINESS WIRE)--Dec. 14, 2005--GE Commercial Finance - Global Media & Communications announced today that it has provided financing for two recent management buyouts in the publishing sector. GE provided a $45 million senior debt facility for Wachovia Capital Partners' purchase of Randall-Reilly Publishing Co. and a $20 million senior debt facility for Boston Ventures' and Castanea Partners' acquisition of Medley Global Advisors LLC.
Founded in 1934, Randall-Reilly Publishing is the premier business-to-business media company focused on the trucking and construction industries. Its properties include Equipment World, Overdrive, Truckers News, CCJ and Modern Woodworking magazines. GE Commercial Finance served as lead arranger and administrative agent for the $45 million credit facility. The transaction closed November 1, 2005.
Medley Global Advisors (MGA) is the leading policy intelligence advisor to the world's leading investment banks, asset managers and hedge funds. The firm provides intelligence and insight reports in four key service lines: G7 Macro Markets, Emerging Markets, Global Oil & Energy Markets and U.S. Equity Markets. GE Commercial Finance served as sole lender for the $20 million credit facility. The transaction closed December 7, 2005.
"Our publishing industry knowledge and financing expertise allowed us to structure these crucial transactions to the benefit of all interested parties," said David Harrington, senior vice president, GE Commercial Finance - Global Media & Communications. "We are pleased to again assist our valued customer Randall-Reilly Publishing with a new, larger financing package and to also establish a new relationship with MGA. As we prepare to enter 2006, we look forward to bringing our financial strength and commitment to bear on behalf of additional publishing clients."
About GE Commercial Finance - Global Media & Communications
With $6.3 billion in assets and offices in Atlanta, Chicago, London, New York, Norwalk, San Francisco and resources in Asia-Pacific, GE Commercial Finance - Global Media & Communications represents a "one-stop" source for the comprehensive range of GE's lending and other structured financial services offered to the telecommunications, media, technology and entertainment marketplace. For more information, please visit gegmc.com.
About GE Commercial Finance
GE Commercial Finance, which offers businesses around the globe an array of financial products and services, has assets of over $232 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 ge.com.
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