Stream Global Services amends credit facility size, maturity, pricing

By Sara Rosenberg

New York, Jan. 2 - Stream Global Services Inc. amended its credit facility, increasing the size to $125 million from $100 million and extending the maturity to Dec. 27, 2017 from Oct. 1, 2013, according to an 8-K filed with the Securities and Exchange Commission on Wednesday.

Also, pricing on the facility was reduced to a range of Libor plus 225 basis points to 275 bps based on average daily net availability.

In addition, the company obtained more flexibility to make intercompany loans and investments; received permission for a specified sale leaseback transaction and a potential acquisition of a European company; and revised the definition of consolidated EBITDA.

Wells Fargo Capital Finance LLC is the agent on the deal.

Stream is an Eagan, Minn.-based provider of sales, customer service and technical support services for companies.

© 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.