GTT Communications Kicks Off Bankruptcy With First-Day Approvals

GTT Communications received court approval on a raft of first-day motions that will allow it to continue operating while it aims to cut nearly all of its $3 billion debt load through bankruptcy.

• Judge Michael Wiles approved motions that would halt claims against the company, and allow it to pay employee wages and trade claims in a hearing in New York Wednesday
• EARLIER: GTT Files for Chapter 11 to Implement Prepackaged Plan
• The case is GTT Communications Inc., 21-11880, U.S. Bankruptcy Court Southern District of New York (Manhattan).

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