GT Technologies nets $28M term loan for refinancing, growth

GT Technologies, Inc. (GTT) received a $27.9 million senior secured term loan facility. Great Rock Capital provided the financing in partnership with the existing revolver lender.

“The new term loan facility refinanced a portion of the company’s existing debt and provides GTT with additional capital to support future growth,” according to a Dec. 15 company statement.

GTT manufactures valvetrain components and assemblies for cars, heavy-duty trucks, and off-road vehicles. It is a portfolio company of Industrial Opportunity Partners.