Premier Global Services amends credit facility

|By:, SA News Editor

Premier Global Services (PGI -3.3%) amends its credit facility. The borrowing capacity is raised by $100M to $400M, the term is expanded by 2 years to 2018, interest rates are reduced across the sliding scale, and the maximum leverage ratio is hiked to 3.25x (related limitation on acquisitions is raised to 3.0x).