Harte Hanks, a global marketing services firm specializing in multi-channel marketing solutions, has secured a two-year $20 million credit facility from Texas Capital Bank. The company intends to use the credit facility for working capital and general corporate purposes. The facility is being guaranteed by certain members of the Shelton family, descendants of one of the company’s founders, who in aggregate own approximately 5% of the company’s stock.
“We are pleased to work with Texas Capital Bank to put this facility in place to give Harte Hanks additional financial flexibility as we continue to transition our business and move toward growth,” stated Robert Munden, CFO and general counsel.
San Antonio, TX-based Harte Hanks is a global marketing services firm specializing in multi-channel marketing solutions that connect our clients with their customers in powerful ways.