Mitel Leverages Strong Cash Position to Repay $20M Against Existing Credit Facility

November 07, 2013

Mitel® (Nasdaq:MITL) (TSX:MNW), a leading provider of cloud and premises-based unified communications software solutions, announced that as a result of its strong cash position, the company today will be making a US$20 million payment against its existing credit facility. The payment is consistent with the company's commitment to shareholders and the investment community to utilize surplus cash reserves to reduce debt.

"Mitel runs a highly disciplined leveraged business model that continues to generate strong cash flow," said Steve Spooner, Chief Financial Officer for Mitel. "With the end of our fiscal 2014 second quarter last week, we are taking advantage of a strong cash position to make an additional $20 million debt reduction payment." 

Mitel's full second quarter fiscal 2014 results will be published in early December. Details of the Q2 conference call will be confirmed separately.

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.

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.

Toutes les autres marques sont la propriété de leurs détenteurs respectifs.

Contact

Sandrine Quinton, Mitel

Tel: +33 1 30 96 43 01

Email: [email protected]

Prêt à discuter ? Contactez-nous.