GE Scores $182M for NewWave

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GE Commercial Finance - Global Media & Communications closed $182 million in senior secured and mezzanine financing for NewWave Communications.

The funding enabled NewWave to complete its buyout of cable systems in Kentucky and Illinois from Charter Communications, and it will also be used to fund capital expenditures and permitted acquisitions.

NewWave provides cable-television, high-speed-Internet and digital-telephone service in Kentucky, Illinois, Missouri and Tennessee.