IBEX Global Solutions plc Increased Revolving Credit Facility (0961U)
July 27 2015 - 1:00AM
UK Regulatory
TIDMIBEX
RNS Number : 0961U
IBEX Global Solutions plc
27 July 2015
27 July 2015
IBEX Global Solutions plc
("IBEX" or "the Company")
Increased Revolving Credit Facility
IBEX Global Solutions plc (AIM: IBEX), a leading provider of
contact centre services and other business process outsourcing
(BPO) solutions, is pleased to announce that it has agreed to an
increase and expansion of its existing revolving credit facility
("RCF") with PNC Bank, National Association ("PNC").
The previous US$35 million RCF with PNC commenced on 7 November
2013 and was set to mature on 7 November 2016. The new amendment
increases the RCF to US$40 million, with a potential increase of up
to a total RCF of US$50 million (subject to PNC approval and
conditions), and an additional US$10 million non-revolving line of
credit to finance capital expenditures. The new, amended RCF
matures on 1 May 2020, and has other improved terms. The amended
RCF continues to be subject to customary financial performance
covenants.
Robert T. Dechant, IBEX CEO, commented:
"We are very pleased to improve and expand the Company's
relationship with such a prestigious banking partner as PNC. We
have had a great relationship with PNC since 2013, and we see this
RCF increase and expansion as the most positive demonstration of
support for IBEX and its prospects. These increased and expanded
facilities will enable the Company to continue to realise its
growth potential."
-Ends-
For further information, please visit www.ibexcorp.com or
contact:
IBEX Global Solutions plc Tel: +44 80 0043
Robert T. Dechant, CEO 4239
Karl Gabel, CFO
Liberum Capital Limited Tel: +44 20 3100
Nominated Adviser and Joint Broker 2000
Steve Pearce
Richard Bootle
Joshua Hughes
Cenkos Securities PLC Tel: +44 20 7397
Joint Broker 8900
Liz Bowman
Camilla Hume
Tavistock Communications Tel: +44 20 7920
Matt Ridsdale 3150
Andrew Dunn
About IBEX
IBEX is a leading global provider of business process
outsourcing services. Headquartered in Washington, DC and listed on
the London Stock Exchange (AIM: IBEX), IBEX maintains a global
workforce of over 10,000 serving more than 70 leading corporations
with complex, enterprise-scale outsourcing solutions. With
operational presence in the United States, the Philippines,
Pakistan, Senegal, and United Kingdom, IBEX delivers a
multi-language and multi-cultural service capability focused on
innovation and adding intellectual value.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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