Global Power Announces Pending Refinancing
GLOBAL POWER EQUIPMENT (GLPW)
US:NASDAQ Investor Relations:
ir.globalpower.com
Company Research
Source: Business Wire
IRVING, Texas--(BUSINESS WIRE)-- Global Power Equipment Group Inc. (OTC:GLPW) (“Global Power” or the “Company”) announced today that funds affiliated with Centre Lane Partners, LLC (“Centre Lane”) have purchased the Company’s outstanding debt from the lenders under the Company’s 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. This would replace the Company’s existing credit facility. The Company previously reported that it was pursuing paths to refinance its existing credit facility, which matures today. The new credit agreement is expected to be executed in the coming weeks, and the Company will announce the terms of the agreement at that time. About Global Power Global Power Equipment Group Inc. is a design, engineering and manufa
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