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Further Debt Reduction

30 Jun 2009 07:00

RNS Number : 7344U

Billing Services Group Limited

30 June 2009

NEWS RELEASE

30 June 2009

Billing Services Group Limited

('BSG' or the 'Company')

Further Debt Reduction

BSG, a leading provider of clearing, settlement, payment and financial risk management solutions to the telecommunications industry, today announces the repayment of $1.0 million of its senior debt, made on 29 June 2009. Accordingly, at close of business on 29 June 2009, total outstanding senior debt stood at $83.6 million.

Greg Carter, CEO of BSG, said: 'I am pleased to report this latest reduction in senior debt as part of our tactical programme of leverage reduction and actively maximizing shareholder value.'

END

Enquiries:

Billing Services Group Limited +1 210 949 7000

Greg Carter

Norm Phipps

Evolution Securities Limited +44 (0)20 7071 4300 Stuart Andrews

The Hogarth Partnership +44 (0)20 7645 3988 Julian Walker

This information is provided by RNS

The company news service from the London Stock Exchange

END

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