TTEC Holdings, a global customer experience technology company, amended and extended its credit facility, increasing the total commitment amount by $300 million to $1.5 billion and extending the maturity to November 2026.

Commitments were provided by a syndicate of banks, with Wells Fargo Securities serving as left lead arranger and left bookrunner and BofA Securities, PNC Bank, U.S. Bank and Bank of the West serving as joint lead arrangers and joint bookrunners.

The credit facility will provide TTEC with increased financial capacity and flexibility to support investments, acquisitions and discretionary capital distributions.

“Our strong cash generation, cash reserves and additional borrowing capacity under the credit facility provides us with significant flexibility to further invest in our business and execute on strategic acquisitions,” Dustin Semach, CFO of TTEC, said.

“We are pleased with the outcome of our credit facility amendment initiative,” Paul Miller, senior vice president and treasurer of TTEC, said. “We achieved our objectives to increase the commitment amount, extend the maturity date and obtain favorable pricing and other terms and conditions. TTEC’s executive leadership team values the strong partnership with our relationship banks and their continuing support of our business and strategy.”