GTT Communications, Inc. Announces Pricing of Public Offering of Common Stock
22 Mayo 2014 - 7:53AM
Business Wire
GTT Communications, Inc. (“GTT” or the “Company”) (NYSE MKT:
GTT) announced today the pricing of a public offering of 3,000,000
shares of common stock at a purchase price of $7.75 per share. The
net proceeds to GTT from this offering are expected to be
approximately $21.5 million, after deducting underwriting discounts
and other estimated offering expenses payable by GTT. GTT has also
granted the underwriters an option to purchase up to 450,000
additional shares of common stock to cover over-allotments, if any.
The offering is expected to close on May 28, 2014, subject to
customary closing conditions. GTT will use the net proceeds from
this offering of common stock for general corporate purposes.
In connection with the offering William Blair & Company,
L.L.C. acted as lead book-running manager. Craig-Hallum Capital
Group LLC and Pacific Crest Securities LLC acted as joint
book-running managers and Drexel Hamilton, LLC acted as
Co-Manager.
A shelf registration statement relating to the offering of the
common stock has previously been filed with the U.S. Securities and
Exchange Commission (“SEC”) and has become effective. The offering
is being made only by means of a prospectus supplement and
accompanying prospectus, forming a part of the effective
registration statement. Before investing, you should read the
prospectus supplement and the accompanying prospectus for
information about GTT and this offering. A prospectus supplement
relating to the offering will be filed with the SEC and will be
available on the SEC's website at http://www.sec.gov. Alternatively, copies of the
prospectus and prospectus supplement, when available, may be
obtained by contacting William Blair & Company, L.L.C. at 222
West Adams Street, Chicago, IL 60606, Attention: Prospectus
Department, by telephone at (800) 621-0687, or by email at
prospectus@williamblair.com; by contacting Craig-Hallum Capital
Group LLC at 222 South Ninth Street, Suite 350, Minneapolis, MN
55402, Attention: Prospectus Department, or by telephone at (612)
334-6300; or by contacting Pacific Crest Securities LLC at 111
South West Fifth Avenue, 42nd Floor, Portland, OR 97204, or by
telephone at (503) 248-0721, or by email at
Prospectusrequests@pacific-crest.com.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy any securities nor will there be
any sale of these securities in any state or other jurisdiction in
which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or other jurisdiction.
Cautionary Statement Regarding Forward-Looking
Statements:
Some of the statements contained in this press release might be
considered forward-looking statements. These statements identify
prospective information. Forward-looking statements are based on
information available at the time and/or management's good faith
belief with respect to future events, and are subject to risks and
uncertainties that could cause actual performance or results to
differ materially from those expressed in the statements. These
forward-looking statements are subject to a number of factors that
may cause actual results to differ materially from the expectations
described. Additional information about the factors that may
adversely affect these forward-looking statements is contained in
the Company's reports and filings with the Securities and Exchange
Commission. The Company assumes no obligation to update
forward-looking statements to reflect actual results, changes in
assumptions or changes in other factors affecting forward-looking
information except to the extent required by applicable securities
laws.
For GTT Communications, Inc.Jody Burfening/Carolyn Capaccio(212)
838-3777ccapaccio@lhai.com
GTT Communications, Inc. (AMEX:GTT)
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