October 18, 2012
GA Telesis closes new $100m credit facility
GA Telesis has closed on a new syndicated $100m credit facility. Led by PNC Bank, N.A., the facility has a three year term and has participation from a total of six global and regional banks. It provides the company with additional financial resources at cost efficient and flexible terms to support the company’s growth. The larger credit facility has more favorable terms and conditions. With a larger group of partners globally, the new facility reflects both the international profile of GA Telesis and the confidence that the market has in the company’s plans for growth.