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Further Debt Reduction

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RNS Number : 5908R
Billing Services Group Limited
30 June 2015
 

 

 

NEWS RELEASE

 

 

June 30, 2015

 

 

Billing Services Group Limited

('BSG' or the 'Company')

Further Debt Reduction

 

BSG, a leading provider of telecommunications clearing and financial settlement products, Wi-Fi data solutions and verification services, announces the repayment of $2.4 million of its senior debt made today.  Accordingly, at the close of business today, total outstanding senior debt was $1.5 million. 

 

The Company has amended its Credit Agreement and extended the maturity date of its senior debt to September 30, 2015, and expects to make a payment of $0.5 million at each month end of July, August and September. 

 

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Inquiries:

 

Billing Services Group Limited                                          +1 210 949 7000

Norm Phipps

 

finnCap Limited                                                                    +44 (0)20 7220 0500

Stuart Andrews/Scott Mathieson

 

BSG Media Relations                                                         +1 210 326 8992

Leslie Komet Ausburn

 

About BSG:

BSG has locations in San Antonio, Texas, USA and London, United Kingdom, and is traded on the London Stock Exchange (AIM: BILL). For more information on BSG, visit www.bsgclearing.com.


This information is provided by RNS
The company news service from the London Stock Exchange
 
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