NORWALK, CT, JUNE 16, 2014 --- GE Capital's Telecom, Media and Technology (TMT) financing business announced today it served as administrative agent on a $12 million incremental credit facility increase to VSS - Southern Theatres, LLC (Southern Theatres). The total credit facility for Southern Theaters is now $92 million. The incremental line increase will be used to fund the build out of several new Movie Tavern locations in the southeastern U.S. and Pennsylvania. GE Capital Markets served as lead arranger and joint bookrunner on this facility.
Appetite for Disruption: Survey Finds Companies Keen on Fueling Innovation with Big Data
Appetite for Disruption: Survey Finds Companies Keen on Fueling Innovation with Big Data
Blowout preventers, or BOPs, are massive machines that sit on the sea floor thousands of feet below the surface and serve as the last line of defense if something in an undersea oil well goes wrong. As a rule of thumb, workers will routinely replace as many as 20 percent of their parts to keep them safe, effectively rebuilding the entire machine every five years.
