Stream Global Services to get new asset-based revolving facility

By Sara Rosenberg

New York, Sept. 21 - Stream Global Services Inc. plans on getting a new asset-based revolving credit facility, according to a news release.

Completing the revolver is one of the conditions of a proposed $200 million senior secured notes offering that the company is planning.

Another condition of the notes is the closing of the previously announced combination with eTelecare Global Solutions Inc.

Proceeds from the notes are expected to be used to refinance the debt of Stream and eTelecare and for general corporate purposes.

Stream is a Wellesley, Mass.-based provider of customer relationship management and other business process outsourcing services.

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