GE Capital’s telecom, media and technology financing business has closed on a $117.3 million senior secured credit facility to support ABRY Partners’ majority stake in KORE Wireless Group. GE Capital served as the joint lead arranger and joint book runner on the facility, the Norwalk, CT-based lender announced today (17 November).
GE Capital backs a wireless services company
The TMT unit of GE is providing senior financing to KORE Wireless in conjunction with ABRY Partners acquiring a majority stake in the company.
