Local Tech Wire

RALEIGH, N.C. – , a company focused on leasing of hospitality, healthcare and renewable energy equipment, has closed on a $100 million credit facility with BB&T.

The companies have done business together for more than a decade.

The expansion of Telerent’s credit line will help the firm grow, said Chief Executive Officer George Fleming.

“BB&T has been our primary financial partner since 1999, when they created a $20 million facility for us,” Fleming said in a statement. “This much larger facility supports our continued portfolio growth and new business initiatives.”

Telerent also operates TeleHealth Services, a provider of televisions and interactive patient education systems for hospitals.

Its TLC Capital group is the result of a recent consolidation of two finance divisions.

The company, which was founded some 50 years ago, is part of Japan-based Itochu.

“Telerent Leasing Company is a leader in supporting the hospitality and healthcare sectors and we are delighted that they have extended their financing with us,” said Steven Bullard, BB&T Triangle Regional Corporate Banking Manager, in a statement.

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