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Harte Hanks Extends Line of Credit with Texas Capital Bank
Extends Existing Line of Credit by Six MonthsCHELMSFORD, MA / ACCESSWIRE / January 4, 2024 / Harte Hanks, Inc. (NASDAQ:HHS), a leading global customer
About this update from Harte Hanks, Inc.
[{"type":"text","content":"Extends Existing Line of Credit by Six MonthsCHELMSFORD, MA / ACCESSWIRE / January 4, 2024 / Harte Hanks, Inc. (NASDAQ:HHS), a leading global customer experience company focused on bringing companies closer to customers for 100 years, today announced that the company has extended its $25 million secured revolving line of credit with Texas Capital Bank for an additional six (6) month term, beyond its original maturity date in December, 2024. The revised loan agreement, which now matures at the end of June, 2025, will enhance the Company's financial flexibility and provide the Company with operational stability over this extended term.The Company intends to use the credit facility for working capital and to create growth opportunities by investing in and enhancing client offerings.\"Texas Capital continues to be an important partner for Harte Hanks, and we are gratified in their confidence to extend our line of credit,\" commented Kirk Davis, Harte Hanks' Chief Executive Officer. \"Having launched our transformation plan, Elevate, in Q3 of 2023, this successful extension supports our growth and transformation initiatives for the future.\"About Harte Hanks:Harte Hanks (NASDAQ: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 HBOMax, GlaxoSmithKline, Unilever, Pfizer, Volvo, Ford, FedEx, Midea, Sony and IBM among others. Headquartered in Chelmsford, Massachusetts, Harte Hanks has over 2,500 employees in offices across the Americas, Europe, and Asia Pacific.For more information, visit hartehanks.comAs used herein, \"Harte Hanks\" or \"the Company\" refers to Harte Hanks, Inc. and/or its applicable operating subsidiaries, as the context may require. Harte Hanks' logo and name are trademarks of Harte Hanks, Inc.Cautionary Note Regarding Forward-Looking Statements:Our press release and related earnings conference call contain \"forward-looking statements\" within the meaning o...