GTT Communications, Inc. (NYSE:GTT) Files An 8-K Results of Operations and Financial Condition
Item 2.02.
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Results of Operations and Financial Condition
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Report on Form 8-K which included a press release announcing our
financial results for the three months ended March 31, 2017.
Subsequent to the issuance of that press release, we recorded a
pre-tax correction of $5.0 million related to a reduction in
“Loss on extinguishment of debt” to defer a portion of the
original issuance discount associated with the prior term loan
facility, due to the fact that this amount qualified for debt
modification, rather than extinguishment. The correction
increased net income by $3.7 million for the three months ended
March 31, 2017. This correction does not impact prior periods.
correction noted above, which is incorporated herein by
reference, as Exhibit 99.1 to this Current Report on Form 8-K/A.
accompanying exhibit shall not be deemed filed for purposes of
Section 18 of the Securities Exchange Act of 1934, as amended
(the Exchange Act) or otherwise subject to the liabilities of
that section, or incorporated by reference in any filing under
the Exchange Act or the Securities Act of 1933, as amended,
except as shall be expressly set forth by specific reference in
such filing.
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Item 9.01
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Financial Statements and Exhibits
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Exhibit
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Number
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Description
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99.1
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Press Release dated May 9, 2017
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About GTT Communications, Inc. (NYSE:GTT)
GTT Communications, Inc. is a provider of cloud networking services. The Company offers a portfolio of global communications services, including EtherCloud wide area network services; Internet services; managed network and security services, and voice and unified communication services. The Company provides Layer 2 (Ethernet) and Layer 3 (multiprotocol label switching (MPLS)) solutions to meet the needs of multinational clients. The Company offers customers high-bandwidth global Internet connectivity and IP transit with availability and packet delivery. It offers managed network services, including managed equipment, managed security services and managed secure access. Its Tier 1 Internet protocol (IP) network delivers connectivity for its clients around the world. It provides services to multinational enterprises, carriers and government customers in over 100 countries. The Company’s global network assets are deployed in North America, South America, Europe, Asia and Australia. GTT Communications, Inc. (NYSE:GTT) Recent Trading Information
GTT Communications, Inc. (NYSE:GTT) closed its last trading session down -0.05 at 28.75 with 172,746 shares trading hands.