DEERFIELD, Ill.--(BUSINESS WIRE)--APAC Customer Services, Inc. (Nasdaq: APAC), 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.”
Forward-Looking Statements
This document contains forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995. Statements that
are not historical facts, including statements about the beliefs and
expectations of the Company and its management, are forward-looking
statements. All forward-looking statements are inherently uncertain as
they are based on various expectations and assumptions about future
events, and they are subject to known and unknown risks, uncertainties
and other factors, which may cause actual events and results to differ
materially from historical results or the future results expressed or
implied by the forward-looking statements. The Company intends its
forward-looking statements to speak only as of the date on which they
were made. The Company expressly undertakes no obligation to update or
revise any forward-looking statements as a result of changed
assumptions, new information, future events or otherwise.
Please refer to the Company's Annual Report on Form 10-K for the fiscal
year ended January 1, 2006 and its subsequent filing on Form 10-Q for
the fiscal quarters ended April 2, 2006, July 2, 2006 and October 1,
2006 for a description of important factors that could cause the
Company's actual results to differ materially from those expressed or
implied in its forward-looking statements. These filings are available
on a web site maintained by the SEC at http://www.sec.gov.
APAC Customer Services, Inc. (Nasdaq: APAC) is a leading provider of
customer care services and solutions for market leaders in healthcare,
financial services, publishing, business services, travel and
entertainment, and communications. APAC partners with its clients to
deliver custom solutions that enhance bottom line performance. For more
information, call 1-800-OUTSOURCE. APAC’s
comprehensive web site is at http://www.apaccustomerservices.com.
