10th Feb 2009 07:00
10 February 2009
Billing Services Group Limited ('BSG' or the 'Company')
Debt Reduction
BSG, a leading provider of clearing, settlement, payment and financial risk management solutions to the telecommunications industry, today announces the prepayment of $2.0 million of its senior debt.
At 10 February 2009, total outstanding senior debt stood at $89.0 million.
Greg Carter, CEO of Billing Services Group, said: "The Company's strong cash flow has enabled BSG to make this prepayment prior to the next scheduled amortization date of March 31, 2009. BSG's recurring theme is to reduce its interest expense, its leverage and pursue all other means to create and maximize shareholder value."
Enquiries:
Billing Services Group Limited +1 210 949 7000
Greg Carter
Christopher R. Smith
Evolution Securities Limited +44 (0) 20 7071 4300
Stuart Andrews
The Hogarth Partnership +44 (0) 20 7645 3988
Julian Walker
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