Sykes draws $216 million on credit facility for Clear Link purchase

By Wendy Van Sickle

Columbus, Ohio, April 7 – Sykes Enterprises, Inc. borrowed $216 million under its credit agreement on April 1 in connection with its acquisition of Clear Link Holdings, LLC, according to an 8-K filed with the Securities and Exchange Commission.

The credit agreement is dated May 12, 2015 with KeyBank NA as lead arranger book runner and administrative agent, swing line lender and issuing lender.

Sykes purchased the Salt Lake City, Utah-based inbound demand generation and sales conversion platform for a total cash consideration of about $207 million.

Sykes is a Tampa, Fla.-based provider of outsourced customer contact management services for businesses.

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