GLM Extends Credit Facility

White Plains, N.Y.-based tradeshow manager GLM has expanded a credit facility, led by GE Capital. The proceeds of the transaction, along with cash on hand, were used to refinance the seller note incurred as part of the acquisition of the company last fall by Providence Equity Partners and CEO Charles McCurdy, the company said in a statement.

PRESS RELEASE

Tradeshow manager GLM announced today the expansion of its credit facility, led by GE Capital. The proceeds of the transaction, along with cash on hand, were used 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 over-subscribed,” commented McCurdy. “We thank GE Capital for its orchestration of a successful financing, and thank our banks for their continued support.”

 

GLM 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. GLM is headquartered in White Plains, NY, with offices in Atlanta, GA and Naples, FL. The company, which was founded in 1924, was acquired by Providence Equity Partners and CEO Charles McCurdy in September 2011.