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Further Debt Reduction

20th Feb 2013 07:00

RNS Number : 2437Y
Billing Services Group Limited
20 February 2013
 



NEWS RELEASE

 

 

February 20, 2013

 

 

Billing Services Group Limited

('BSG' or the 'Company')

Further Debt Reduction

 

BSG, a leading provider of telecommunications clearing and financial settlement products, Wi-Fi data solutions and verification services, announces the repayment of $6.3 million of its senior debt made yesterday. Accordingly, at the close of business yesterday, total outstanding senior debt was $25.6 million.

 

As previously announced, this repayment related to $3.5 million borrowed in August 2012 to facilitate the acquisition of Connection Services Holdings Limited and $2.8 million borrowed in December 2012 to fund the dividend payment. The repayment was facilitated through an expected tax refund received by the Company.

 

END

 

 

Inquiries:

 

Billing Services Group Limited +1 210 949 7000

Norm Phipps

 

finnCap Limited +44 (0)20 7220 0500

Stuart Andrews/Henrik Persson

 

BSG Media Relations +1 210 326 8992

Leslie Komet Ausburn

 

About BSG:

BSG is headquartered in San Antonio, Texas, USA and traded on the London Stock Exchange (AIM: BILL). For more information on BSG, visit www.bsgclearing.com.

This information is provided by RNS
The company news service from the London Stock Exchange
 
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