Friday, October 8, 2010

TeleTech Gets $350M In Credit Facility

Englewood, Colorado-based TeleTech Holdings, a provider of business process outsourcing, said Thursday that it has scored a five year, $350M revolving credit facility. According to the firm, it replaces an existing, $225M credit facility. The firm said the new line of credit will go towards working capital, growth, and other strategic pursuits. The funding came from KeyBank N.A., as well as Wells Fargo Bank, Bank of America Merrill Lynch, JPMorgan Chase Bank, BBVA Compass Bank, HSBC Bank USA, Citi, Bank of the West and The Northern Trust Company.