Mitel Pays Down $25 Million Against Existing Credit Facility

July 19, 2016

Mitel® (Nasdaq:MITL) (TSX:MNW), a global leader in real-time business, cloud and mobile communications, announced that the company has made payments totaling US$25 million against its existing credit facility. The action of paying down debt is consistent with the company's commitment to shareholders and the investment community to utilize surplus cash reserves to strengthen its capital structure.

"Our solid execution through the second quarter combined with the receipt of the $60 million termination fee received from Polycom has provided the company with cash in excess of our immediate working capital needs," said Steve Spooner, Chief Financial Officer for Mitel. "Year-to-date, including payments of $25 million since we reported first quarter results in early May, we have paid down a total of $65 million against our existing credit facility."

A propos de Mitel

Parmi les leaders mondiaux dans le domaine des communications d’entreprise en rendant possibles plus de 2 milliards de connexions chaque jour, Mitel permet aux entreprises de se connecter, de collaborer et aux fournisseurs de services de proposer des services innovants à leurs clients. Notre innovation et nos experts sont au service de plus de 70 millions d’utilisateurs dans plus de 100 pays.

Pour en savoir plus, visitez notre site https://www.mitel.com/fr-fr ou suivez-nous @Mitel_FR sur Twitter

Mitel est une marque déposée de Mitel Networks Corporation.

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