NORWALK, Conn.--(BUSINESS WIRE)--July 13, 2005--GE Commercial Finance Global Media & Communications today announced that it has named Thomas M. Byrne as senior vice president, origination. He will be responsible for originating and structuring debt transactions for companies in the cable and telecom sectors. Based in New York, NY, Mr. Byrne will report to Peter J. Foley, managing director and head of origination for GE's Global Media & Communications unit.
Mr. Byrne joined GE in 2002, most recently serving as Senior Vice President for GE Commercial Finance's Corporate Lending group. Prior to joining GE, he spent ten years as a banker in the media and telecommunications industries. Over the course of his career, Mr. Byrne has provided advisory and financing solutions to his clients including: senior secured bank financing; equity (public and private); fixed income (high grade and high yield); asset management; structured debt (both bank debt and asset securitization); and derivatives (equity, FX, interest rate).
"We are very pleased that Tom is bringing his considerable industry knowledge and financing inventiveness to our communications customers," said Mr. Foley. "His track record in origination and client service is outstanding, and his understanding of the cable and telecom sectors are a perfect fit with our business."
Mr. Byrne holds an MBA from Adelphi University and a Bachelors degree in Banking and Finance from Hofstra University.
About GE Commercial Finance Global Media & Communications
With over $4 billion in assets and offices in Atlanta, Chicago, Delhi, Hong Kong, London, New York, Norwalk and San Francisco, Global Media & Communications represents a "one-stop" source for the comprehensive range of GE's lending and other structured financial services offered to the media, communications, entertainment and technology industries. www.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 $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.
Contacts
GE Commercial Financial Services
Ned Reynolds, 203-229-5717
or
TorranceCo
Mark Prindle, 212-786-6132
Jeff Wilson
GE Capital Corporate Finance
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1-203-749-6340