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20 Feb 2013 07:00
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NEWS RELEASE
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February 20, 2013
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Billing Services Group Limited
('BSG' or the 'Company')
Further Debt Reduction
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BSG, a leading provider of telecommunications clearing and financial settlement products, Wi-Fi data solutions and verification services, announces the repayment of $6.3 million of its senior debt made yesterday. Accordingly, at the close of business yesterday, total outstanding senior debt was $25.6 million.
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As previously announced, this repayment related to $3.5 million borrowed in August 2012 to facilitate the acquisition of Connection Services Holdings Limited and $2.8 million borrowed in December 2012 to fund the dividend payment. The repayment was facilitated through an expected tax refund received by the Company.
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END
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Inquiries:
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Billing Services Group Limited +1 210 949 7000
Norm Phipps
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finnCap Limited +44 (0)20 7220 0500
Stuart Andrews/Henrik Persson
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BSG Media Relations +1 210 326 8992
Leslie Komet Ausburn
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About BSG:
BSG is headquartered in San Antonio, Texas, USA and traded on the London Stock Exchange (AIM: BILL). For more information on BSG, visit www.bsgclearing.com.
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