GE Capital’s Telecom, Media and Technology (TMT) financing business Monday 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,” Foley said.
“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.
GE Capital’s Telecom, Media and Technology business provides senior credit facilities to enable corporate growth, acquisitions and balance sheet refinancing to companies in in cable, towers, data centers, wireless, metro fiber, and other related industries, as well as other technology companies that enable these industries.