APAC Customer Services Expands Credit Facility.DEERFIELD, Ill. -- APAC Customer Services
APAC Customer Services, Inc. is a provider of customer interaction solutions to large corporations in the communications, financial services, insurance, healthcare, logistics, publishing, and hospitality , Inc. (Nasdaq: APAC APAC Australian Partnership for Advanced Computing APAC Agricultural Policy Analysis Center APAC Asia and Pacific APAC Asian Pacific American Coalition APAC Adapted Physical Activity Council (American Alliance for Health) ), 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 LaSalle Bank Corporation is the holding company for LaSalle Bank N.A. and LaSalle Bank Midwest N.A. With $116 billion in assets, it is headquartered at 135 South LaSalle Street in Chicago, Illinois. 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 George Hepburn (d. 1513 September 9) was the son of Adam Hepburn and brother to Patrick Hepburn, the first Earl of Bothwell. He was a churchman, and served firstly as postulate Abbot of Arbroath, before becoming Lord High Treasurer of Scotland for a brief spell in . "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 forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. This document contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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 Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the fiscal year ended January 1, 2006 and its subsequent filing on Form 10-Q Form 10-Q See 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. About APAC Customer Services, Inc. APAC Customer Services, Inc. (Nasdaq: APAC) is a leading provider of customer care services and solutions for market leaders in healthcare, financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. , 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. |
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