Free press releases distribution network?

Agency / Source: General Electric Company

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!



GE Capital Finances ABRY Partners’ Majority Ownership Position in KORE Wireless Group, Inc. - Capitalizing on machine-to-machine (M2M) communications - KORETelematics.com / GECapital.com
GE Capital Finances ABRY Partners’ Majority Ownership Position in KORE Wireless Group, Inc.

 

PRZOOM - /newswire/ - Norwalk, CT, United States, 2014/11/17 - Capitalizing on machine-to-machine (M2M) communications - KORETelematics.com / GECapital.com. NYSE: GE

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Financial/Legal/Venture Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

GE Capital’s Telecom, Media and Technology (TMT) financing business announced that it served as administrative agent on a $117.3 million senior secured credit facility to support ABRY Partners’ majority ownership position in KORE Wireless Group, Inc. GE Capital Markets served as joint lead arranger and joint bookrunner on the facility.

Founded in 2003 and headquartered in Atlanta, KORE is an independent managed connectivity service provider focused on the machine-to-machine (M2M) ecosystem. KORE supports 1.5 million wireless devices for more than 800 customers and provides a network footprint spanning more than 180 countries, the world’s oceans and areas not covered by cellular service through its network centers in Atlanta and Las Vegas as well as Melbourne, Australia.

“Machine-to-machine communications is an expanding, exciting industry. GE Capital’s telecom expertise and certainty of execution made it the ideal lender for this acquisition. We look forward to continuing our financing relationship and collaborating with GE Capital in the M2M space,” said Rob Nicewicz, vice president at ABRY Partners.

“Today, machines are able to communicate and coordinate with each other in entirely new ways, driving rapid expansion within the M2M space. We’re excited to provide financing in support of ABRY and the KORE team as they continue to grow in this sector,” said Sean Sullivan, a senior vice president with GE Capital’s TMT business.

About KORE
KORE (koretelematics.com) is the world’s largest wireless network provider specializing exclusively in the rapidly expanding global M2M communications market. Providing unified control and management for cellular and satellite network service delivery in more than 180 countries worldwide, KORE empowers its application, hardware and wireless operator partners to efficiently deliver M2M solutions for connected devices across the globe. M2M applications in industries as diverse as healthcare, utilities, enterprise IT, transaction processing and fleet management rely on the KORE network to deliver operational efficiencies and cost savings. KORE offers a range of technologies including GSM, HSPA, CDMA EV-DO and LTE, as well as satellite services.

About ABRY Partners
Founded in 1989, ABRY is an experienced media, communications and business information services sector-focused private equity investment firm. It has completed more than $42 billion in transactions representing investments in more than 450 properties. The firm is currently investing more than $4.3 billion of total capital via a $1.9 billion private equity fund, $950 million senior equity/mezzanine fund and a $1.5 billion senior debt fund.

About GE Capital, Telecom, Media and Technology
Providing more than $5.5 billion in financing in 2013 across 59 transactions, GE Capital’s Telecom, Media and Technology (TMT) business is a leader in the middle market, providing financing solutions 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 and software. It also finances technology companies that enable these industries.

TMT (gecapital.com/tmt) was one of the top three U.S. bookrunners for the last three years in the LBO and sponsored mid-market segments. Its senior originators have an average of 17 years of sector expertise and 12 years of GE experience.

GE Capital (gecapital.com) offers consumers and businesses around the globe an array of financial products and services.

GE (ge.com) works on things that matter. The best people and the best technologies taking on the toughest challenges. Finding solutions in energy, health and home, transportation and finance. Building, powering, moving and curing the world. Not just imagining. Doing. GE works.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Financial/Legal/Venture Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Agency / Source: General Electric Company

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick PRZOOM - Press & Newswire Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Financial/Legal/Venture articles,
CATCH Visitors via Your Competitors Announcements!


GE Capital Finances ABRY Partners’ Majority Ownership Position in KORE Wireless Group, Inc.

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name PRZOOM - Press & Newswire and LINK as the source.
 
  For more information, please visit:
Is this your article? Activate ALL web links by Upgrading to Press Release PREMIUM Plan Now!
GE Capital Telecom | KORE Wireless Group, Inc
Contact: Lisa Tibbitts - GE Capital Americas 
203-956-4582 / 203-803-6142 (mobile) lisa.tibbitts[.]ge.com
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any General Electric Company securities in any jurisdiction including any other companies listed or named in this release.

Financial/Legal/Venture via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!




Read Latest Press Releases From General Electric Company / Company Profile


Read Financial/Legal/Venture Most Recent Related Press Releases:

Infinera to Participate in Upcoming Investor Conference
Propel Financial Services Partners with Clear Payment Solutions
Digital Payments Power Growth in Booming Asia-Pacific Financial Technology Landscape Notes Frost & Sullivan
Digital Readiness Key to Growth Opportunities in the Financial Services Market
Prairie Capital Advisors Announces The Sale of Cornerstone Treatment Facilities Network to An ESOP
Koch Agrees to Invest Over $2 Billion in Infor
FTI Consulting Recognized as a Top Service Provider in the Legal Industry
GE Completes Spin Off and Demerger of Bank BPH Core Bank to Alior Bank
ALM Expands Senior Leadership Team, Organization Focused on Customers and Transformation
Lazard Acquires Remaining 50% Stake in MBA Lazard - Fully Integrating its Latin American Operations

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
 
NewswireToday Celebrates 10 Years in Business
Find business coaching, life coaching, executive coaching and corporate coaching, best selling coaching books, ...



PREMIUM Members


Visit  JobsWare.com

Visit  La Bella Bakery Artisan Bakery Arizona

Visit  BizJobs.com







 
  ©2016 PRZOOM — Limelon Advertising, Co.
Home | About PRZOOM | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneur newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today