Harte Hanks Secures a New $25 Million Revolving Line of Credit with Texas Capital Bank
Harte Hanks, Inc., a leading global customer experience company, announced that the company has obtained a new $25 million secured revolving line of credit with Texas Capital Bank. This new loan agreement will enhance the Company’s strategic position and increase its financial flexibility.
The Company intends to use the credit facility for working capital, to repay existing debt and to create growth opportunities by investing in and enhancing our 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,” stated Brian Linscott, our Chief Executive Officer. Linscott went on to state, “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.”
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Harte Hanks (HHS) is a leading global customer experience company whose mission is to partner with clients to provide them with CX strategy, data-driven analytics and actionable insights combined with seamless program execution to better understand, attract, and engage their customers.
Using its unparalleled resources and award-winning talent in the areas of Customer Care, Fulfillment and Logistics, and Marketing Services, Harte Hanks has a proven track record of driving results for some of the world’s premier brands including Bank of America, GlaxoSmithKline, Unilever, Pfizer, HBOMax, Volvo, Ford, FedEx, Midea, Sony and IBM among others. Headquartered in Austin, Texas, Harte Hanks has over 2,500 employees in offices across the Americas, Europe and Asia Pacific
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