Statement re Debt Reduction

10 Feb 2009 07:00



10 February 2009

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

Debt Reduction

BSG, a leading provider of clearing, settlement, payment and financial risk management solutions to the telecommunications industry, today announces the prepayment of $2.0 million of its senior debt.

At 10 February 2009, total outstanding senior debt stood at $89.0 million.

Greg Carter, CEO of Billing Services Group, said: "The Company's strong cash flow has enabled BSG to make this prepayment prior to the next scheduled amortization date of March 31, 2009.  BSG's recurring theme is 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