– Company anticipates completing previously announced infrastructure division sale to I Squared Capital in the coming weeks
– Prepackaged chapter 11 cases for entities based in the United States (U.S.) contemplated after the sale of infrastructure division is closed
– The combination of the infrastructure division sale and the transactions contemplated by the RSA will reduce the companys debt by approximately $2.8 billion
– Business continues as usual and without interruption both in the U.S. and globally; vendors, employees and other partners to be paid in the ordinary course of business prior to and during the chapter 11 cases
– GTT to reserve cash from sale proceeds to bolster liquidity
MCLEAN, Va., September 02, 2021–(BUSINESS WIR…
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