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Texas Capital Bank Provides New $25MM Revolving Line of Credit to Harte Hanks

Date: Dec 22, 2021 @ 07:53 AM
Filed Under: Technology

Harte Hanks, a leading global customer experience company, 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.

The 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.

"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."

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