1 Apr 2011 07:00
For Immediate Release
April 1, 2011
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, merchants and online stores, announces the repayment of $8.4 million of its senior debt, of which $7.8 million is a scheduled payment and $0.6 million is a payment made with respect to consolidated excess cash flow, as defined in the Company's Credit and Guaranty Agreement, made on March 31, 2011. Accordingly, at the close of business on March 31, 2011, total outstanding senior debt was $52.4 million.
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Inquiries:
Billing Services Group Limited +1 210 949 7000
Greg Carter
Norm Phipps
Evolution Securities Limited +44 (0)20 7071 4300
Stuart Andrews
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.