BILL.L Regulatory News (BILL)

1 Apr 2009 07:00



1 April 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 $2.0 million of its senior debt, made on 31 March 2009. Accordingly, at 31 March 2009, total outstanding senior debt stood at $84.6 million.

Greg Carter, CEO of BSG, said: "Over the course of fifteen months, the Company has reduced its senior debt by $27.9 million, or nearly 25%, from the original amount borrowed. The Company continues to reduce its interest expense and its leverage and pursue all other means to create and maximize shareholder value."

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