20th Feb 2013 07:00
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.
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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.
Related Shares:
BILL.L