By Telecom Lead Team: GE Capital Telecom, Media and
Technology (TMT) financing business announced it served as administrative agent
on a new $380 million credit facility for Lightower Fiber Networks, a metro
fiber and bandwidth service provider in the Northeast.
We have a long standing history with GE Capital, as they
have a clear understanding of our sector and unique financing needs. The
company’s ability to provide financing solutions in all markets, and in
particular to the middle market, makes GE Capital a valued partner as we look
to grow our business,” said Rob Shanahan, CEO of Lightower Fiber Networks.
GE Capital has led financings for Lightower since the
initial acquisition of Lightower by M/C Venture Partners and Pamlico Capital in
August 2007.
The market was extremely supportive of this transaction,
made evident in the deal being significantly oversubscribed. We’re once again
proud to support Lightower and an industry which is experiencing significant
growth,” said Pete Foley, senior managing director of GE Capital’s Telecom, Media and Technology.
GE Capital’s Telecom, Media and Technology business
provides financing to enable corporate growth, acquisitions and balance sheet
refinancings to companies in the following industries: cable, towers, data
centers, wireless, metro fiber, radio, TV, digital media, education services,
software and in technology companies that enable these industries.
