Harte Hanks, a global customer experience company, obtained a new $25 million secured revolving line of credit with Texas Capital Bank.
Harte Hanks intends to use the credit facility for working capital, to repay existing debt and to create growth opportunities by investing in and enhancing its current client offerings. The credit facility will be guaranteed by various subsidiaries of the company.
“We are pleased to work with Texas Capital Bank on this new credit facility that affords Harte Hanks additional financial flexibility as we continue to grow our business and enhance long-term shareholder value,” Brian Linscott, CEO of Harte Hanks, said. “This new facility is the next step in the company’s strategy to ensure financial stability. The new facility eliminated the need for a third-party guarantee, which demonstrates the success the company has had in executing on its turnaround plan.”
