GTSI amends loan, allowing for stock repurchase

By Sara Rosenberg

New York, Dec. 23 - GTSI Corp. amended its credit facility, allowing for the repurchase of up to $5 million of its common stock before Feb. 15, according to an 8-K filed with the Securities and Exchange Commission on Tuesday.

The amendment also redefines the fixed-charge coverage ratio to exclude the funds used to repurchase common stock, and to make other adjustments.

The amendment was completed on Dec. 19.

SunTrust is the administrative agent on the deal.

GTSI is a Herndon, Va.-based information technology services provider.

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