New York, May 10, 2016 -- Moody's Investors Service, ("Moody's") said GTT Communications, Inc.'s ("GTT" or "the company") recent add-on to its term loan is credit neutral and does not immediately impact the company's B2 corporate family rating. On May 5th the company announced its plan to issue a $30 million add-on which will be subject to the same terms and conditions to its existing $400 million term loan. The proceeds of the transaction will be used mainly to pay down the $19 million currently drawn on the company's revolving credit facility.

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