Teletech raises credit facility to USD1.2bn


Nasdaq-listed TeleTech Holdings has increased its credit facility from USD300m to USD1.2bn to further finance its growth initiatives. In a press statement, TeleTech said the credit facility will provide the company with increased financial capacity and flexibility to support its growth-oriented investments, strategic acquisitions, and discretionary capital distributions. Paul Miller, senior vice president and treasurer of TeleTech, said the company values the strong partnership with relationship banks and their continuing support of the business strategy. There were no other material changes to the credit facility, which expires in February 2021.