GTEC Secures $50 Million Revolving Credit Facility
Provides Financial Flexibility for Organic Growth and Strategic Acquisitions
MCLEAN, Va., Feb. 8 /PRNewswire-FirstCall/ -- Global Defense Technology & Systems, Inc. (Nasdaq: GTEC), a provider of mission-critical technology-based systems, solutions and services for national security agencies and programs of the US government, entered into a $50 million revolving credit facility on February 3, 2010 with SunTrust Bank. The facility matures on January 31, 2013 and provides GTEC with flexibility to fund organic growth and complete strategic acquisitions in line with its growth strategy. The facility replaces GTEC's previous $29 million revolving credit facility with SunTrust Bank.
About Global Defense Technology & Systems, Inc.
Global Defense Technology & Systems, Inc. provides mission-critical technology-based systems, solutions and services for national security agencies and programs of the US government. Our services and solutions are integral parts of mission-critical programs run by the Department of Defense, Intelligence Community, Department of Homeland Security, federal law enforcement agencies, and other parts of the federal government charged with national security responsibilities. Learn more about GTEC at www.gtec-inc.com.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this announcement other than historical data and information constitute forward-looking statements that involve risks and uncertainties. A number of factors could cause our actual results, performance, achievements or industry results to be very different from the results, performance or achievements expressed or implied by such forward-looking statements. Some of these factors include, but are not limited to, the risk factors set forth in Global Defense Technology & Systems' final prospectus, and such other filings that Global Defense Technology & Systems makes with the SEC from time to time. Due to such uncertainties and risks, readers are cautioned not to place undue reliance on such forward looking statements, which speak only as of the date hereof.
Investor Relations: |
Joseph Cormier |
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t: +1 703.883.2771 |
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Media Contact: |
Lauren Peduzzi |
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t: +1.703.738.2861 |
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SOURCE Global Defense Technology & Systems, Inc.
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