Daily News: April 30, 2013

WFCF Extends General Datatech Credit Facility

General Datatech (GDT), a technology communications solutions company, announced it entered into an agreement with Wells Fargo Capital Finance to add to its existing senior secured credit facility in the amount of $100 million.

GDT’s core business is delivering large complex communication solutions utilizing advanced technologies such as Cisco, EMC, VMware and other business and service providers coast to coast.

“We are proud to be able to continue working with General Datatech,” said John Schmidt, senior managing director Supply Chain Finance. “The senior management team’s passion and commitment to their business translated into a seamless execution. We look forward to supporting GDT on the many opportunities that lie ahead.”

“The Supply Chain Finance team at Wells Fargo Capital Finance has once again partnered with General Datatech, LP to structure a financing strategy that aligns with the sales growth initiatives of our company,” said Wally Perez, CFO of General Datatech.