GTUIT
GTUIT SIGNS WITH ALASKA GROWTH CAPITAL 
For Release: June 22, 2016
Billings, Montana, USA - GTUIT®, LLC announced today that the firm has signed a financing agreement with Alaska Growth Capital . The ten year agreement allows GTUIT to increase its financial flexibility and invest in growing its business of creating value from stranded natural gas resources.
Christian Orms, GTUIT CFO, said "The evolution of GTUIT as a company allowed us to refinance and more closely match the asset life to capital structure, as well as, bring down our overall cost of capital. We have worked closely with Alaskan Growth Capital (AGC) to structure a package that fits our firm today and in the future."  Brian Cebull, President and CEO, added "In these current market conditions it is great to be recognized by a progressive organization like AGC and to have them extend long-term financing while reducing our borrowing costs".

Jesse Janssen, Vice President of Lending at Alaska Growth Capital said "As a non-bank lender working to deploy capital to high impact growth companies, GTUIT was a perfect fit for us. You cannot have asked for a better management team with the right intellectual capital and the right technology to develop and grow a company like GTUIT." Janssen went on to say, "As the oil and gas market evolves and adapts, AGC sees GTUIT in the forefront of providing solutions for monetizing stranded gas resources. AGC is excited to be expanding our relationship with GTUIT and to be part of their continued success.  

Source:
GTUIT®, LLC
 
For Additional Information contact:  
George Chedsey
406.867.6700 | gchedsey@gtuit.com 

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ABOUT GTUIT®

GTUIT is an industry leader of well-site level associated gas processing that includes innovative hydrogen sulfide removal and gas processing using mobile and modular equipment to recover natural gas liquids (NGLs) and to condition fuel gas. GTUIT provides both proprietary equipment and best-in-class field service with systems that are mobile and scalable from 250 MCFD to 5MMCFD+. 

The firm is focused on providing innovative solutions for stranded gas processing, timely manufacturing and industry leading service that creates value for its customers.   More information is available at www.GTUIT.com , Facebook: www.facebook.com/GTUIT and Twitter: www.twitter.com/GTUIT 

 
ABOUT ALASKA GROWTH CAPITAL

Alaska Growth Capital, Inc. (AGC) is an innovative alternative lending organization that finances growth companies in Northwestern United States. The company fills an important niche in the capital market for growth companies in the stage between startup equity and traditional bank financing. AGC has $190 million in assets under management providing commercial finance in the $1 million to $10 million range and has funded over $450 million in the Northwest region over the last 17 years. AGC is a tier one subsidiary of Arctic Slope Regional Corporation (ASRC), the largest private company in Alaska with revenues approaching $3 billion annually.

2924 Millennium Circle, Suite A Billings, MT 59102
Phone: [406] 867-6700 | Fax: [406] 867-6710
info@GTUIT.com
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