Business
Harte Hanks Secures a New $25 Million Revolving Line of Credit with Texas Capital Bank
CHELMSFORD, Mass., Dec. 21, 2021 /PRNewswire/ -- Harte Hanks, Inc. (HHS) (the "Company"), a leading global customer experience company, today announced that
About this update from Harte Hanks, Inc.
[{"type":"text","content":"CHELMSFORD, Mass., Dec. 21, 2021 /PRNewswire/ -- Harte Hanks, Inc. (HHS) (the \"Company\"), a leading global customer experience company, today 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.\n\n \n \n \n \n \n \n\n \nThe 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. \n\"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.\" \nAbout Harte Hanks:\nHarte 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.\nUsing 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. For more information, visit hartehanks.com.\nAs 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.\nNote Regarding Forward-looking Statements\nOur press release contains \"forward-looking statements\" within the ...