INFONXX Closes $100 Million in Bank Financing
INFONXX, the world's premier provider of directory assistance and enhanced information services, announced today that it has closed $100 million of senior credit facilities. Banc of America Securities LLC was the lead arranger for the financing.
Bethlehem, PA (PRWEB) October 30, 2004 -- INFONXX, the world's premier provider of directory assistance and enhanced information services, announced today that it has closed $100 million of senior credit facilities. Banc of America Securities LLC was the lead arranger for the financing. The company, based in Bethlehem, Pa., plans to use the resources from the credit facilities to fund working capital, refinance existing debt and provide additional funding for potential acquisitions and global expansion.
"This financial vote-of-confidence further strengthens our position, as we look to continue our growth and expansion," said Robert Pines, co-founder and Global CEO. "We now have even more flexibility to aggressively lead the industry as we provide customer focused solutions."
"It's exciting to be part of INFONXX's plans for the future," said Elizabeth Shore, Bank of America Senior Vice President for Commercial Banking. "Through our relationship with the company, we have been impressed with its powerful entrepreneurial spirit, anchored with a solid strategy. We're pleased and proud to be associated with INFONXX's leadership team."
The credit facilities replace a financing arranged earlier this year by Bank of America, N.A. Participating institutions in the facility include Bank of America, N.A., PNC Bank, N.A., LaSalle Bank, N.A. and U.S. Bank, N.A.
About Bank of America
Bank of America is one of the world's largest financial institutions, serving individual consumers, small businesses and large corporations with a full range of banking, investing, asset management and other financial and risk-management products and services. The company provides unmatched convenience in the United States, serving 33 million consumer relationships with 5,800 retail banking offices, 16,500 ATMs and award-winning online banking with more than 11 million active users. Bank of America is rated the No. 1 Small Business Administration Lender in the United States by the SBA. The company serves clients in 150 countries and has relationships with 96 percent of the U.S. Fortune 500 companies and 82 percent of the Global Fortune 500. Bank of America Corporation stock (ticker: BAC) is listed on the New York Stock Exchange.
About INFONXX
As the largest non-carrier directory assistance supplier in the world, INFONXX provides industry-leading products and services including 411 Plus® enhanced directory assistance; TeleMás® Spanish-language services; InfoSave® directory assistance for corporations; MobileSource®, the industry's first access to wireless listings in the United States; and directory assistance via text messaging through Text DirectSM. Based in Bethlehem, Pa., USA, INFONXX employs thousands of customer service representatives and support personnel who manage over 210 million listings globally at eleven locations around the world. Visit the company's Web site at http://www.infonxx.com.
INFONXX, Inc.
3864 Courtney Street, Suite 411
Bethlehem, PA 18017
USA
610.997.1000
888.463.6699
610.997.1050 fax
www.infonxx.com
###
|
