ING Bank and DBS Bank served as underwriters on a $185 million senior debt facility comprising a $165 million term loan and a $20 million revolving credit facility for CSP Alpha Holdings, a wholly-owned subsidiary of Startek.
According to an 8K, DBS Bank served as agent on an amendment to Startek’s senior term loan and revolving credit facility. The amendment provides a deferment of principal payments until February 2021 along with a potential increase of the revolver from $20 million to $27.5 million.
Finacity closed a trade receivables securitization program for Startek. The funds from the securitization facility were used to refinance an existing asset-based loan facility.