Global Power Equipment Group Inc. (OTCMKTS:GLPW) Files An 8-K Other Events
Item 8.01 Other Events.
On June12, 2017, Global Power Equipment Group Inc. (the
Company) issued a press release announcing, among other
things, that funds affiliated with Centre Lane Partners, LLC
(Centre Lane) have purchased the Companys outstanding
debt from the lenders under the Companys existing credit
agreement. Centre Lane has assumed the credit agreement pending
the completion of a new, multi-year credit agreement contemplated
to be entered into by the Company and Centre Lane, which would
replace the Companys existing credit facility.
A copy of the press release is attached as Exhibit99.1 to this
Current Report on Form8-K and is incorporated by reference into
this Item 8.01.
Item 9.01 Financial Statements and
Exhibits.
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(d) |
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Exhibits |
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99.1 |
Press Release, dated June12, 2017. |
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.