Post Reorg Global Power Pays Down Debt

TULSA, Okla., Dec. 20, 2010 (GLOBE NEWSWIRE) -- Global Power Equipment Group Inc. (GLPW:$21.60,00$0.24,001.12%) ("Global Power") announced today that it has paid down the term loan arranged upon emergence from bankruptcy in January of 2008 in its entirety. The balance on the term loan facility was $24.6 million as of September 30, 2010.

"We continue to streamline our capital structure, and are pleased to have paid down this term loan early," said David Keller, Global Power's President and Chief Executive Officer. "The further strength of our balance sheet today gives us major operating advantages and increased flexibility to consider a broad range of strategic alternatives to create shareholder value."

Global Power has also announced today the release of an updated Investor Presentation. The Presentation is available on Global Power's website, www.globalpower.com, in the Investor Information-Events & Presentations section.