UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
_____________________________________________________________
FORM 8-K/A
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act Of 1934
Date of Report (Date of earliest event reported): May 4, 2017
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| | GTT Communications, Inc. | |
| | (Exact Name of Registrant as Specified in its Charter) | |
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| Delaware | | 001-35965 | | 20-2096338 |
(State or Other Jurisdiction of Incorporation) | | (Commission File Number) | | (IRS Employer Identification No.) |
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| | 7900 Tysons One Place Suite 1450 McLean, Virginia 22102 | |
| | (Address of principal executive offices) | |
(703) 442-5500
(Registrant's telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (See General Instruction A.2. below):
¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ¨
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
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| Item 2.02. | Results of Operations and Financial Condition |
On May 4, 2017, GTT Communications Inc. furnished a Current 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.
We have attached an updated copy of the press release with the correction noted above, which is incorporated herein by reference, as Exhibit 99.1 to this Current Report on Form 8-K/A.
The information contained in this Item 2.02 and in the 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 | Financial Statements and Exhibits |
(d) Exhibits
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| Exhibit | | |
| Number | | Description |
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| 99.1 | | Press Release dated May 9, 2017 |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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| Date: | May 9, 2017 | | | |
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| | | GTT Communications, Inc. |
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| | | | By: | /s/ Michael T. Sicoli |
| | | | | Michael T. Sicoli |
| | | | | Chief Financial Officer |
EXHIBIT INDEX
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Exhibit Number | | Description |
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| 99.1 | | Press Release dated May 9, 2017 |
