GA Telesis closes new $150,000,000 credit facility

GA Telesis has closed on a new syndicated $150,000,000 credit facility. Led by HSBC Bank USA, N.A., and with an increased commitment from 4 global and regional banks involved in the company’s previous facility, the new credit facility has a three year maturity with more efficient and flexible terms to support the Company’s growth plans. Jack Portlock, Senior Vice President and CFO of GA Telesis said: “HSBC and the syndicate banks provide international depth and expertise to support our continuing worldwide expansion. We are excited about this opportunity to better execute on our global business plan.”