GE Capital Provides More Than $3.7 Billion to Telecom, Media and Technology Companies During 2012

  GE Capital Provides More Than $3.7 Billion to Telecom, Media and Technology
  Companies During 2012

  *Company ends 2012 among most active lenders to these specialized business
  *GE’s investment and experience in software and technology provides
    value-add to customers

Business Wire

NORWALK, Conn. -- February 25, 2013

GE Capital’s Telecom, Media and Technology (TMT) financing business today
announced it completed 58 deals totaling $3.7 billion during 2012. The TMT
business addresses the financial needs of customers in key growth sectors,
including cable, data centers, towers, metro fiber, TV, digital media and
software, among others.

“The increase in financings supports the continued M&A revival and growth of
these specialized sectors,” said Pete Foley, senior managing director of GE
Capital’s Telecom, Media and Technology team. “Last year was active for
corporate financing as well as private equity-backed transactions. We look
forward to supporting the growth of these industries as we begin 2013.”

“We are committed to providing more than financial capital to our customers.
We help them build stronger businesses by leveraging the depth and breadth of
GE’s experience, including industrial and technology expertise,” continued
Foley. “In 2012, we connected customers to GE’s broader domain expertise,
exploring new technologies and learning how the industrial and financial
sectors can come together to help them solve their toughest challenges.”

Below is a brief description of several noteworthy 2012 transactions:

JAB Wireless

In the fourth quarter of 2012, GE Capital served as administrative agent on a
new $140 million credit facility for JAB Wireless, a provider of fixed
wireless high-speed internet and VoIP phone service to residential and
business subscribers. GE Capital Markets served as lead arranger and
administrative agent on the transaction.

“Since 2010, GE Capital has provided financing solutions that have enabled our
company to more than double our customer base and profitability,” said Jack
Koo, COO and CFO of JAB Wireless. “GE Capital’s expertise in the telecom
industry and the capital markets make it a valued financial resource. The most
recent financing has positioned us to strengthen our industry leadership and
to continue our growth well into the future.”

Hoak Media

In May of 2012, GE Capital acted as administrative agent on a $131 million
recapitalization for Hoak Media LLC, a highly successful middle market TV
broadcaster operating in 13 different markets around the U.S. GE Capital
Markets served as sole lead arranger and bookrunner for the deal.

“GE Capital has been our lead lender since 2007 and we truly value its deep
industry knowledge and insight in the broadcasting space,” commented Eric Van
den Branden, president and CEO of Hoak Media.

“GE Capital understands the various regulations and industry cycles that are
inherent in the TV sector, which has allowed it to be invaluable to the
company,” added Jeff Patterson, a partner at Columbia Capital.

About GE Capital, Telecom, Media and Technology

GE Capital’s Telecom, Media and Technology business provides financing 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. With Access
GE, clients also benefit from access to GE’s best practices. Visit

GE Capital offers consumers and businesses around the globe an array of
financial products and services. For more information, visit
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GE (NYSE: GE) works on things that matter. The best people and the best
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health and home, transportation and finance. Building, powering, moving and
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GE Capital, Americas
Jennifer Sampson, 312-441-7055
Ned Reynolds, 203-229-5717
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