IBEX Ibex Glbl

TIDMIBEX

RNS Number : 0961U

IBEX Global Solutions plc

27 July 2015

27 July 2015

IBEX Global Solutions plc

("IBEX" or "the Company")

Increased 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 an increase and expansion of its existing revolving credit facility ("RCF") with PNC Bank, National Association ("PNC").

The previous US$35 million RCF with PNC commenced on 7 November 2013 and was set to mature on 7 November 2016. The new amendment increases the RCF to US$40 million, with a potential increase of up to a total RCF of US$50 million (subject to PNC approval and conditions), and an additional US$10 million non-revolving line of credit to finance capital expenditures. The new, amended RCF matures on 1 May 2020, and has other improved terms. The amended RCF continues to be subject to customary financial performance covenants.

Robert T. Dechant, IBEX CEO, commented:

"We are very pleased to improve and expand the Company's relationship with such a prestigious banking partner as PNC. We have had a great relationship with PNC since 2013, and we see this RCF increase and expansion as the most positive demonstration of support for IBEX and its prospects. These increased and expanded facilities will enable the Company to continue to realise its growth potential."

-Ends-

For further information, please visit www.ibexcorp.com or contact:

 
 IBEX Global Solutions plc             Tel: +44 80 0043 
  Robert T. Dechant, CEO                4239 
  Karl Gabel, CFO 
 Liberum Capital Limited               Tel: +44 20 3100 
  Nominated Adviser and Joint Broker    2000 
  Steve Pearce 
  Richard Bootle 
  Joshua Hughes 
 Cenkos Securities PLC                 Tel: +44 20 7397 
  Joint Broker                          8900 
  Liz Bowman 
  Camilla Hume 
 Tavistock Communications              Tel: +44 20 7920 
  Matt Ridsdale                         3150 
  Andrew Dunn 
 

About IBEX

IBEX is a leading global provider of business process outsourcing services. Headquartered in Washington, DC and listed on the London Stock Exchange (AIM: IBEX), IBEX maintains a global workforce of over 10,000 serving more than 70 leading corporations with complex, enterprise-scale outsourcing solutions. With operational presence in the United States, the Philippines, Pakistan, Senegal, and United Kingdom, IBEX delivers a multi-language and multi-cultural service capability focused on innovation and adding intellectual value.

This information is provided by RNS

The company news service from the London Stock Exchange

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