GTT Announces Closing of $28.8 Million Syndicated Financing
McLean, VA, May 31, 2012 — Global Telecom & Technology, Inc.
(“GTT”) (GTLT:OTCBB), a global network operator delivering managed data services to large enterprise,
government and carrier customers in over 80 countries worldwide, today announced that it has secured $28.8 million to
refinance its existing $21.8 million of senior debt and add an additional $7.0 million of senior debt for growth
initiatives and general corporate purposes.
“This financing will accelerate our growth initiatives as we expand our Network as a Service value proposition,” stated
Rick Calder, President and Chief Executive Officer of GTT. “Coupled with the recent acquisition of the state of the
art nLayer IP/MPLS network, this financing will allow us to continue to grow the combined GTT/nLayer network to further
strengthen our capabilities as a world-class Ethernet Transport and IP Transit provider.”
Silicon Valley Bank (“SVB”) led the syndication arrangement with Webster Bank participating. The $7.0 million of
additional financing represents an increase in the U.S. term loan facility, which matures on May 1, 2016.
“We are pleased to have the continued support of SVB who has been an integral partner in growing our business over the
past several years and are excited to bring in Webster Bank as a new financing partner in the syndication arrangement,”
stated Michael R. Bauer, Vice President, Finance and Chief Accounting Officer of GTT. “GTT’s first syndication is a
major milestone and a strong endorsement of our ability to raise additional senior debt in the capital market. The
financing recapitalizes and strengthens our balance sheet and provides additional liquidity and flexibility.”
About Global Telecom & Technology
GTT is a global network operator delivering managed data services to enterprise, government and carrier customers in
over 80 countries worldwide. GTT provides customers with innovative connectivity solutions by utilizing our own network
assets - linking over 100 Points of Presence across North America, Europe and Asia - and extending them through our 800
partners worldwide. Our Network as a Service proposition delivers flexible, reliable and scalable network
infrastructure, capable of both public and secure private networking. We simplify network deployment by removing the
complexity of multi-vendor solutions while offering the cost efficiencies of a single partner. For over 14 years GTT
has provided world class project management, rapid service implementation and global 24/7 end-to-end solution
monitoring and support. GTT is headquartered in the Washington, DC metro region with offices in London, Dusseldorf and
Denver. For more information visit the GTT website at
www.gt-
t.net.
For GTT Media Inquiries, please contact:
Michelle Reilly
Director, Marketing Operations
1.703.442.5582
michelle.reilly@gt-t.net
For GTT Investor Relations Inquiries, please contact:
Nazir Rostom
Director, Finance
1.703.442.5586
nazir.rostom@gt-t.net>