13th Nov 2013 11:47
LONDON (Alliance News) - IBEX Global Solutions PLC Wednesday said it has agreed a new USD35 million three-year revolving credit facility with PNC Bank, replacing its existing credit facility and significantly lowering its cost of capital.
"This new facility will enable the company to realise its growth potential and reflects PNC's confidence in both the company's current position and its strategy going forward," IBEX Chief Financial Officer Karl Gabel said in a statement.
No other details of the facility were provided.
IBEX Global Solutions shares were up 1.4% at 218 pence Wednesday morning.
By Steve McGrath; [email protected]; @SteveMcGrath1
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