KORE obtains $117.3 million facility to fund ABRY Partners ownership

By Tali Rackner

Norfolk, Va., Nov. 17 – KORE Wireless Group, Inc. obtained a $117.3 million senior secured credit facility to support ABRY Partners’ majority ownership position in the company, according to a press release.

GE Capital’s Telecom, Media and Technology financing business served as administrative agent, and GE Capital Markets served as joint lead arranger and joint bookrunner on the facility.

KORE is a wireless network provider specializing in the rapidly expanding global machine-to-machine (M2M) communications market.

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