28 Dec 2012 07:00
NEWS RELEASE
December 28, 2012
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 scheduled payment of $2.4 million of its senior debt made today. Accordingly, at the close of business today, total outstanding senior debt is $31.9 million. This balance includes $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 previously announced dividend payment. The Company expects to repay both the $3.5 million and the $2.8 million in the first quarter of 2013.
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Inquiries:
Billing Services Group Limited +1 210 949 7000
Norm Phipps
finnCap Limited +44 (0)20 7220 0500
Stuart Andrews/Henrik Persson
BSG Media Relations +1 210 326 8992
Leslie Komet Ausburn
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.