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Sykes Enterprises Inc Completes Alpine Access, Inc Acquisition

Tuesday, 21 Aug 2012 08:00am EDT 

Sykes Enterprises Inc announced that it has completed the acquisition of Alpine Access, Inc. The $150 million cash purchase price, subject to post-closing adjustments, for Alpine Access was financed through $108 million in borrowings under the Company's credit facility, with the remaining from cash on hand. The borrowing will bear interest at a variable rate of LIBOR plus an applicable margin based on the Company's leverage ratio (currently 112.5 basis points). 

Company Quote

0.46 +2.19%
4:00pm EDT