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GTT Communications Inc (GTT.N)

GTT.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Spruce House reports 9.2 pct passive stake in GTT Communications​
Monday, 13 Nov 2017 05:22pm EST 

Nov 13 (Reuters) - GTT Communications Inc ‍:Spruce House Investment Management LLC reports a 9.2 pct passive stake in GTT Communications Inc <<>> as of Nov 3 - SEC filing ​.  Full Article

GTT Communications Inc qtrly loss per share $‍0.23​
Thursday, 2 Nov 2017 08:00am EDT 

Nov 2 (Reuters) - Gtt Communications Inc :Gtt reports third quarter 2017 financial results.Q3 revenue $198.9 million versus i/b/e/s view $197.2 million.Gtt communications inc - qtrly loss per share $‍0.23​.Q3 earnings per share view $-0.03 -- Thomson Reuters I/B/E/S.  Full Article

GTT acquires Transbeam
Tuesday, 3 Oct 2017 08:00am EDT 

Oct 3 (Reuters) - GTT Communications Inc :GTT acquires Transbeam.GTT Communications Inc - deal for ‍$28 million in cash.​.GTT Communications Inc - acquisition is expected to generate a post-synergy adjusted EBITDA of 5.0x or lower.  Full Article

GTT Communications says intends to offer $100 mln aggregate principal amount of its 7.875 pct senior notes due 2024‍​
Monday, 25 Sep 2017 07:57am EDT 

Sept 25 (Reuters) - Gtt Communications Inc :GTT Communications Inc - intends to offer, subject to market conditions, $100 million aggregate principal amount of its 7.875 percent senior notes due 2024‍​.  Full Article

GTT reports qtrly earnings per share $0.02
Thursday, 3 Aug 2017 08:00am EDT 

Aug 3 (Reuters) - GTT Communications Inc ::GTT reports second quarter 2017 financial results.Q2 revenue $186.2 million versus I/B/E/S view $186.8 million.Qtrly earnings per share $0.02.Q2 earnings per share view $-0.01, revenue view $186.8 million -- Thomson Reuters I/B/E/S.  Full Article

GTT Communications enters into Amendment No. 1 to company's existing credit agreement
Friday, 14 Jul 2017 11:47am EDT 

July 14 (Reuters) - Gtt Communications Inc ::Says entered into Amendment No. 1 to company's existing credit agreement.Says repricing amendment is to credit agreement, dated as of January 9, 2017 - SEC FILING.Says under repricing amendment, 100 percent outstanding term loans as of July 10 were converted to Tranche B term loans or repaid in full.  Full Article

GTT to acquire Global Capacity
Monday, 26 Jun 2017 08:00am EDT 

June 26 (Reuters) - Gtt Communications Inc :Gtt to acquire global capacity.Gtt communications inc - purchase price consists of $100 million in cash and 1.85 million shares of gtt common stock, to be issued to sellers at closing.Gtt communications inc - gtt will fund cash portion of consideration at close with funds from debt offering completed in may.Gtt communications inc - expects that global capacity's annualized revenue will be approximately $200 million at close.  Full Article

GTT Communications prices private offering
Friday, 26 May 2017 06:08am EDT 

May 26 (Reuters) - GTT Communications Inc ::GTT Communications Inc - priced its previously announced private offering of $150 million aggregate principal amount of its 7.875% senior notes due 2024.GTT Communications Inc - priced its offering of $150 million at an issue price of 106.000% plus interest deemed to have accrued thereon from December 22, 2016.GTT Communications -notes are treated as single series of debt securities with co's $300 million aggregate principal amount of 7.875% senior notes due 2024 issued on Dec 22, 2016.  Full Article

GTT Communications enters non-binding LOI with possible acquisition candidate in telecom sector
Wednesday, 24 May 2017 05:31pm EDT 

May 24 (Reuters) - Gtt Communications Inc :In May co entered non-binding LOI with possible acquisition candidate in telecom sector for proposed purchase price of about $39.5 million.If company consummates the proposed acquisition, company expects to fund purchase price with cash on hand.Intends to offer $150 million aggregate principal amount of its 7.875 pct senior notes due 2024 in a private offering.Expects to fund approximately $100 million of purchase price with cash on hand and remainder with shares of its common stock.In May, co entered another non-binding LOI with possible acquisition candidate for proposed purchase price of about $155 million.  Full Article

Gtt Communications Inc priced private offering of $300 mln aggregate principal amount of senior notes due 2024
Thursday, 8 Dec 2016 04:43pm EST 

Gtt Communications Inc : Gtt Communications Inc - priced private offering of $300 million aggregate principal amount of senior notes due 2024-sec filing .Gtt Communications Inc - notes priced with a coupon of 7.875 pct and at an issue price of 100 pct of their face amount.  Full Article

BRIEF-Spruce House reports 9.2 pct passive stake in GTT Communications​

* Spruce House Investment Management LLC reports a 9.2 pct passive stake in GTT Communications Inc as of Nov 3 - SEC filing ​ Source text: (http://bit.ly/2ACVcat) Further company coverage: