Kele completes $85 million credit facility led by GE Capital Markets

By Sara Rosenberg

New York, Aug. 16 - Kele Inc. closed on a new $85 million senior credit facility, according to a news release.

GE Capital Markets acted as the lead arranger and bookrunner on the deal, and GE Anteres is the administrative agent.

Proceeds were used to fund a dividend recapitalization.

Kele is a Memphis, Tenn.-based supplier of peripheral control products and services to the building automation industry.

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