30th Jun 2009 07:00
NEWS RELEASE
30 June 2009
Billing Services Group Limited
('BSG' or the 'Company')
Further Debt Reduction
BSG, a leading provider of clearing, settlement, payment and financial risk management solutions to the telecommunications industry, today announces the repayment of $1.0 million of its senior debt, made on 29 June 2009. Accordingly, at close of business on 29 June 2009, total outstanding senior debt stood at $83.6 million.
Greg Carter, CEO of BSG, said: 'I am pleased to report this latest reduction in senior debt as part of our tactical programme of leverage reduction and actively maximizing shareholder value.'
END
Enquiries:
Billing Services Group Limited +1 210 949 7000
Greg Carter
Norm Phipps
Evolution Securities Limited +44 (0)20 7071 4300 Stuart Andrews
The Hogarth Partnership +44 (0)20 7645 3988 Julian Walker
Related Shares:
BILL.L