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General Datatech Extends Credit Facility with Wells Fargo

DALLAS–(BUSINESS WIRE)–General Datatech (GDT), a technology communications solutions company, has announced it has entered into an agreement with Wells Fargo Capital Finance to add to its existing senior secured credit facility in the amount of $100 million.

General Datatech is a powerhouse of next-generation IT thought leadership. GDT’s core business is delivering large complex communication solutions utilizing advanced technologies such as Cisco, EMC, VMware and other business and service providers coast to coast. GDT exists to help our customers stay connected.

“We are proud to be able to continue working with General Datatech,” said John Schmidt, Senior Managing Director Supply Chain Finance. “The senior management team’s passion and commitment to their business translated into a seamless execution. We look forward to supporting GDT on the many opportunities that lie ahead.”

“The Supply Chain Finance team at Wells Fargo Capital Finance has once again partnered with General Datatech, LP to structure a financing strategy that aligns with the sales growth initiatives of our company,” said Wally Perez, CFO of General Datatech.

About General Datatech

Founded in 1996, General Datatech (GDT) is a Cisco Gold Certified Partner with a long list of prestigious awards and numerous specializations, all of which make GDT one of the most respected VARs in the industry. GDT’s core business focuses on delivering large complex solutions utilizing advanced technologies to clients nationwide including the world’s largest communications companies. GDT’s engineering and Professional Services teams have the real world experience, certifications, and partnerships to deliver a solution that is truly exceptional. At GDT, we deliver exceptional in everything we do.

About Wells Fargo Capital Finance

Wells Fargo Capital Finance is the trade name for certain asset-based lending, accounts receivable and purchase order finance services of Wells Fargo & Company and its subsidiaries, and provides traditional asset-based lending, specialized senior and junior secured financing, accounts receivable financing, purchase order financing and channel finance to companies across the United States and internationally. Dedicated teams within Santa Monica, CA based Wells Fargo Capital Finance provide financing solutions for companies in specific industries such as retail, software publishing and high-technology, commercial finance, staffing, government contracting and others. For more information, visit wellsfargocapitalfinance.com.