NORWALK, Conn.--(BUSINESS WIRE)--GE Commercial Finance -- Media, Communications & Entertainment (formerly Global Media & Communications) today announced that it has provided Peak Broadcasting with financing for the company's acquisition of seven radio stations in the Fresno, California market. The $86.5 million transaction closed March 30.
GE -- Media, Communications & Entertainment is the administrative agent and underwriter for the $68.5 million first lien, while GE Capital Markets acted as sole lead arranger and bookrunner for the entire facility.
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