TTEC Increases its Credit Facility to $1.2 Billion
The credit facility will provide TTEC with increased financial capacity and flexibility to support growth-oriented investments, strategic acquisitions, and discretionary capital distributions. The $300 million increase in the credit facility is in the form of a term loan, which will become due on February 14, 2024, contemporaneously with the expiration of the
"We are pleased with the outcome of our credit facility upsizing initiative," commented Paul Miller, senior vice president and treasurer of TTEC. "We achieved our objective to increase the commitment amount while maintaining favorable terms and conditions. TTEC's executive leadership highly values the strong partnership with our relationship banks and their continuing support of our business and strategy."
Incremental commitments were provided by a syndicate of banks arranged by
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