Global Power Equipment Group Inc. (OTCMKTS:GLPW) Files An 8-K Entry into a Material Definitive Agreement

Item 1.01. Entry into a Material Definitive
Agreement.

Global Power Equipment Group Inc. (the Company)
previously disclosed that it entered into certain amendments (the
Prior Amendments) to its Credit Agreement, dated
February21, 2012, with Wells Fargo Bank, National Association, as
Administrative Agent, U.S. Bank National Association, as
Syndication Agent, and the various financial institutions (the
Lenders) party thereto (as amended or supplemented from
time to time, the Credit Agreement). Under the Prior
Amendments, the Lenders agreed, among other things, to
temporarily waive certain existing and anticipated events of
default, however such waivers terminated on November11, 2016. The
Company entered into an Eleventh Amendment to the Credit
Agreement and Sixth Amendment to Limited Waiver Agreement (the
New Amendment), dated as of November30, 2016.

Under the New Amendment, the Lenders have, among other things,
agreed to extend the temporary waiver of certain known certain
existing and anticipated events of default for a limited period
of time ending on the earlier of January31, 2017 or the
occurrence of any waiver termination event set forth in the New
Amendment.

The foregoing description does not constitute a complete summary
of the terms of the New Amendment and is qualified in its
entirety by reference to the full text of the New Amendment,
which is filed as Exhibit10.1 to this Current Report on Form8-K
and incorporated by reference herein.

Item 9.01. Financial Statements and
Exhibits.

About Global Power Equipment Group Inc. (OTCMKTS:GLPW)

Global Power Equipment Group Inc. is a design, engineering and manufacturing company providing an array of equipment and services to the global power infrastructure, energy and process industries. The Products segment includes two primary product categories: Mechanical Solutions, which designs, engineers and manufactures a portfolio of equipment for utility-scale natural gas turbines, and Electrical Solutions, which provides custom-configured electrical houses and generator enclosures for various industries. The Services segment provides lifecycle maintenance, repair, on-site specialty support, outage management, construction and fabrication services for the power generation, industrial, chemical/petrochemical processing, and oil and gas industries. Its products portfolio span from auxiliary equipment for gas turbines to small, high alloy parts, such as seals, shims and brackets. It also offers a range of services that have been managing plant asset value.

Global Power Equipment Group Inc. (OTCMKTS:GLPW) Recent Trading Information

Global Power Equipment Group Inc. (OTCMKTS:GLPW) closed its last trading session up +0.19 at 3.90 with 82,585 shares trading hands.