Elkridge-based GP Strategies pays off debt early

Daily Record, The (Baltimore), May 29, 2008

GP Strategies Corp., of Elkridge, the parent company of General Physics Corp., a provider of training, e-learning, management consulting and engineering services, said it prepaid an outstanding five-year note for $5.2 million to Fairfax, Va.-based ManTech International Corp. that was originally scheduled to mature in October 2008.

The debt repayment was funded by GP using both cash on hand and borrowings under its revolving line of credit.

Copyright 2008 Dolan Media Newswires
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