Mitel Networks to make $25 million payment against credit facility

By Tali Rackner

Norfolk, Va., Jan. 21 – Mitel Networks Corp. said it will make a $25 million payment against its existing credit facility as a result of its strong cash position, according to a news release.

The payment is consistent with the company’s commitment to shareholders and the investment community to use surplus cash reserves to reduce debt.

Mitel is a Kanata, Ont.-based provider of cloud- and premises-based unified communications software solutions.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.