Transcom WorldWide S.A. (“Transcom”), the global outsourced services company, today announced that it has increased its five year multi-currency revolving credit facility by €50 million to a total of €200 million. The extension to the existing facility has been arranged and provided by DnB NOR Sverige, SEB and Svenska Handelsbanken. The original €150 million facility was put in place in April 2007. The facility is unsecured with no scheduled amortization payments. Transcom had net debt of €42.6 million at 31st December 2007, and generated €37.1 million of earnings before interest, taxes and amortization (EBITA) in 2007. The extension of the existing credit facility will provide Transcom with enhanced flexibility to develop its business lines moving forward through both organic expansion and tactical acquisitions.
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For further information please contact:
Transcom WorldWide SA
Keith Russell, President & CEO T: +352 27 755 000
Noah Schwartz, Investor & Press Relations T: +44 (0)20 7321 5010
Transcom WorldWide S.A. is a rapidly expanding Customer Relationship Management (CRM) solution provider, with 72 sites employing more than 17,300 people delivering services from 29 countries – Austria, Belgium, Canada, Chile, Croatia, Czech Republic, Denmark, Estonia, France, Germany, Hungary, Italy, Latvia, Lithuania, Luxembourg, the Netherlands, Norway, the Philippines, Poland, Portugal, Romania, Serbia, Slovakia, Spain, Sweden, Switzerland, Tunisia, the UK and the USA.
Transcom WorldWide is an international provider of outsourced services and solutions in the field of customer contact. Its principal areas of business are the provision of Customer relationship Management and Credit Management products and services utilising its contact centres around the globe. Transcom provides solutions for a wide range of companies, targeting its core vertical markets, which include communications, financial services, travel and leisure, media, utilities and retail. Transcom offers its clients a broad array of relationship management services, including customer care solutions, credit management services, customer acquisition, development and retention, market research, CRM consulting, legal services and interpretation work. Client programmes are tailor-made and range from single applications to complex programmes, which are offered on a country-specific or international basis in more than 33 languages from 72 centres in 29 countries.
Transcom WorldWide S.A. class A and B shares are listed on the Nordic Exchange Mid Cap list under the symbols ‘TWW SDB A’ and ‘TWW SDB B’.