Further Debt Reduction

20 Nov 2008 07:00



20 November 2008

Billing Services Group Limited ('BSG' or 'Company')

Further Debt Reduction

BSG, a leading provider of clearing, settlement, payment and financial risk management solutions to the telecommunications industry, today announces the repurchase of $1.4 million of its senior debt at a discount to face value.

At 20 November 2008, total outstanding senior debt stood at $95.1 million.

Greg Carter, CEO of Billing Services Group, said: "The ongoing disruption in the credit markets has again enabled BSG to repurchase another tranche of its senior debt at less than the issuance price. The Company continues to reduce its interest expense, its leverage and pursue all other means to create and maximize shareholder value."

Enquiries:

Billing Services Group Limited +1 210 949 7000

Greg Carter

Christopher R. Smith

Evolution Securities Limited +44 (0) 20 7071 4300

Stuart Andrews

The Hogarth Partnership +44 (0) 20 7645 3988

Julian Walker