13th Nov 2013 07:00
13 November 2013
IBEX Global Solutions plc
("IBEX" or "the Company")
New 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 a new revolving credit facility ("RCF") with PNC Bank, National Association ("PNC").
The US$35 million RCF with PNC matures on 7 November 2016, replacing IBEX's existing credit facility, and significantly lowering IBEX's overall cost of capital. The RCF is subject to certain financial performance covenants which are customary for a facility of this nature.
Karl Gabel, IBEX CFO, commented:
"We are very pleased to welcome such a prestigious banking partner and see this as a fantastic illustration of support for IBEX and its prospects. 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."
-Ends-
For further information, please visit www.ibexcorp.com or contact:
IBEX Global Solutions plc Steve Kezirian, CEO Karl Gabel, CFO
| Tel: +800 043 4239 |
Liberum Capital Limited Nominated Adviser and Joint Broker Steve Pearce Richard Bootle Joshua Hughes
| Tel: +44 20 3100 2000 |
Cenkos Securities PLC Joint Broker Liz Bowman Camilla Hume
| Tel: +44 20 7397 8900 |
Tavistock Communications Matt Ridsdale Andrew Dunn
| Tel: +44 20 7920 3150 |
About IBEX
IBEX is a leading provider of contact centre services and other business process outsourcing solutions to blue-chip enterprise customers. The Company employs over 9,000 staff in sixteen locations situated in five countries, and provides services in eleven languages. IBEX has over 70 enterprise clients.
Related Shares:
IBEX.L