ATLANTA — May 2, 2023 — Wingspire Capital LLC (“Wingspire”) was pleased to provide a $30 million senior secured credit facility to GTT Communications (“GTT”), a global provider of managed secure networking services for large enterprise and carrier clients.
The revolver will be used to support working capital requirements for the company. GTT is a leader in designing and delivering solutions that leverage advanced cloud, networking and security technologies connecting customers to more than 600 points of presence (POPs) worldwide for access to its Tier 1 global IP network.
Wingspire was created by a team of industry leading finance professionals with a vision of building a firm driven by the mission of putting each client’s perspective and needs first. Wingspire provides thoughtful and creative loans tailored to the specific circumstances of each client, delivered in a transparent and professional manner.
ABOUT WINGSPIRE CAPITAL
Wingspire’s product offerings, up to $200 million in transaction size, include revolving lines of credit, cash flow loans, fixed asset term loans, first-out term loans & revolvers, equipment leases, sale leasebacks and other one-stop solutions. Industries financed include business services, consumer products, e-commerce & retail, food & beverage, manufacturing, distribution, transportation & logistics, automotive, technology applications, and financial services.
Wingspire is a portfolio company of Owl Rock Capital Corporation (NYSE: ORCC), which is externally managed by Owl Rock Capital Advisors LLC, an SEC-registered investment adviser. Owl Rock is a division of Blue Owl Capital (NYSE: OWL), a global alternative asset manager with approximately $138.2 billion of assets under management as of December 31, 2022. To learn more, please visit wingspirecapital.com.
GTT is a managed network and security services provider to global organizations. We design and deliver solutions that leverage advanced cloud, networking and security technologies. We complement our solutions with a suite of professional services and exceptional sales and support teams in local markets around the world. We serve thousands of national and multinational companies with a portfolio that includes SD-WAN, security, Internet, voice and other connectivity options. Our services are uniquely enabled by our top-ranked, global, Tier 1 IP backbone, which spans more than 260 cities on six continents. The company culture is built on a customer-first service experience reinforced by our commitment to operational excellence and continuous improvement in our business, environmental, social and governance practices. For more information, visit www.gtt.net.