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Article: GE - Global Media & Communications Provides Financing to Global Out-of-Home Advertiser Titan Worldwide.
- Article from:
- Business Wire
- Article date:
- November 27, 2006
CopyrightCOPYRIGHT 2006 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NORWALK, Conn. -- GE Commercial Finance - Global Media & Communications today announced that it has served as administrative agent for a multi-currency senior secured credit facility for Titan Worldwide, a privately owned "out-of-home" advertising company. Titan's lead investor, Welsh Carson Anderson and Stowe, acquired a majority interest in Titan in 2005.
The funds were used to refinance an existing credit facility and to finance acquisitions.
Working with GE Capital Markets, co-bookrunner and co-arranger for the transaction, GE - Global Media & Communications provided $27.5MM USD, [pounds sterling]6.88 GBP and [euro]11.95MM EUR toward the facility ...