1st Apr 2009 07:00
1 April 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 $2.0 million of its senior debt, made on 31 March 2009. Accordingly, at 31 March 2009, total outstanding senior debt stood at $84.6 million.
Greg Carter, CEO of BSG, said: "Over the course of fifteen months, the Company has reduced its senior debt by $27.9 million, or nearly 25%, from the original amount borrowed. The Company continues to reduce its interest expense and its leverage and pursue all other means to create and maximize shareholder value."
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
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