Daily News: February 15, 2012

GE Capital Agents New $380 Million Facility for Lightower

GE Capital’s Telecom, Media and Technology 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. GE Capital Markets served as joint bookrunner and joint lead arranger on the transaction.

Lightower is a portfolio company of Pamlico Capital, M/C Venture Partners and Ridgemont Equity Partners.

“The market was extremely supportive of this transaction, made evident in the deal being significantly oversubscribed,” said Pete Foley, senior managing director of GE Capital’s Telecom, Media and Technology. “We’re once again proud to support Lightower and an industry which is experiencing significant growth.”

Previously on abfjournal.com:

GE Capital Closes $230 Million Facility for Lightower Fiber Networks, Thursday, December 16, 2010