News : IBEX Global Solutions Expands PNC Bank Revolving Credit Facility
Lodon, UK, July 27, 2015 -- IBEX Global Solutions PLC has increased and expanded its existing revolving credit finance facility with the US's PNC Bank, National Association.
IBEX, which provides contact centre services and other business process outsourcing, said the amendment to the original revolving credit facility results in an increase to the non-revolving line of credit to finance capital expenditure.
The new facility matures on May 1, 2020 and has improved terms, IBEX said.
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"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," IBEX Chief Executive Robert Dechant said in a statement.
Posted by Veronica Silva Cusi, news correspondent
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About IBEX Global:
IBEX Global (AIM: IBEX), Headquartered in Washington, DC, delivers onshore, near shore and off shore solutions in 5 countries across 19 call centers maintaining a network of more than 9,000 employees that supports multi-channel inbound and outbound communications via phone, web, chat and email in 20 languages. IBEX is specifically focused on improving and maximizing the customer service experience on behalf of over 70 global clients.
About PNC Bank:
PNC Financial Services Group, Inc. is an American financial services corporation, with assets of approximately $271.2 billion.
Published: Thursday, July 30, 2015