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30 Mar 2012 07:00
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NEWS RELEASE
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March 30, 2012
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Billing Services Group Limited
('BSG' or the 'Company')
Further Debt Reduction
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BSG, a leading provider of clearing, settlement, payment and financial risk management solutions to the telecommunications industry, merchants and online stores, announces the repayment of $3.2 million of its senior debt made today. This amount includes a $2.4 million scheduled payment and a $0.8 million payment made in respect of excess cash flow as defined in the Company's credit agreement.Β Accordingly, at the close of business today, total outstanding senior debt was $32.8 million.
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Inquiries:
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Billing Services Group Limited +1 210 949 7000
Greg Carter
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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