AMERICAS – Tradeshow organiser George Little Management (GLM) has expanded its credit facility in a move led by GE Capital.
GLM has expanded its credit facility, along with cash, to refinance the seller note incurred as part of the acquisition of the company last fall by Providence Equity Partners and CEO Charles McCurdy.
"We were pleased that all of our banks stepped up in this transaction, which was comfortably oversubscribed," commented McCurdy. "We thank GE Capital for its orchestration of a successful financing, and thank our banks for their continued support."
GLM, acquired last year from DMGT for US$173 in September last year, comprises 15 trade shows in the fashion and home furnishings industries. The company creates face-to-face and online buying, selling and networking platforms for designers, product developers, manufacturers, reps, retailers and operators through tradeshow and event production, online community development and association management.
The company is headquartered in White Plains in the US, with offices in Atlanta and Florida.
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