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home / news releases / GTT - GTT secures new term loan facility to strengthen liquidity position

GTT - GTT secures new term loan facility to strengthen liquidity position

GTT Communications Inc.
GTT Communications (GTT) enters into a commitment letter through which certain of GTT’s existing lenders and noteholders have committed to provide a new $275M delayed-draw term loan facility.This term loan will ensure that we have the appropriate resources to execute on our business plan as we work towards closing the sale of our infrastructure division to I Squared Capital in 2021.Company expects to close the financing no later than December 28, 2020.Shares +3% AHPress Release

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GTT secures new term loan facility to strengthen liquidity position
Stock Information
Company Name: GTT Communications Inc.
Stock Symbol: GTT
Market: NYSE
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