Wingspire Capital provided a $30 million senior secured revolving credit facility to GTT Communications, a provider of managed secure networking services for large enterprise and carrier clients. GTT will use the revolver to support working capital requirements for the company.
GTT Communications entered into a restructuring support agreement with key stakeholders, including holders of a majority of its secured and unsecured debt and I Squared Capital, to implement a restructuring of the company’s remaining balance sheet.
GTT Communications agreed to acquire Interoute for approximately €1.9 billion ($2.3 billion) in cash. Goldman Sachs, Credit Suisse and SunTrust Bank, among others, will provide debt financing for the transaction.
GTT Communications completed its acquisition of Hibernia Networks, a provider of global, high-speed network connectivity solutions and owner of terrestrial and subsea fiber assets. KeyBank served as administrative agent for a $775 million credit facility to support the transaction.
GTT Communications announced it completed the acquisition of One Source Networks. GTT said KeyBank and SunTrust Robinson Humphrey provided committed financing for the transaction and lead the syndication process.