APAC Customer Services, Inc., a leading provider of customer care services and solutions, today announced that it has amended its Amended and Restated Loan and Security Agreement with LaSalle Bank National Association.
As a result of the amendment, the Company’s borrowing availability under its line of credit increased to a total of $37.5 million. The increase will be made available in three installments on December 5, 2006, January 1, 2007 and April 1, 2007.
“The increased line ensures that we have the liquidity we need to build out our third off-shore customer care center as planned and to support the strong demand for APAC’s high quality, value-added services in the Philippines,” said APAC’s Senior Vice President and Chief Financial Officer, George Hepburn. “It also gives us the flexibility to continue exploring the optimal capital structure for APAC as we position the Company to capture the growing opportunities in the in-bound customer care market.”