Harte Hanks Amends Credit Facility, Increasing Availability and Extending the Term
January 10, 2018 at 04:55 pm EST
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Harte Hanks announced that it has amended its credit facility with Texas Capital Bank. Under the amended facility, the credit limit was increased from $20 million to $22 million and the maturity has been extended by one year to April 17, 2020. The company intends to use the credit facility for working capital and general corporate purposes. As with the initial credit facility with Texas Capital Bank, HHS Guaranty, LLC is providing collateral support for the amended facility. As part of the amended agreement, HHS Guarantee, LLC has the right to designate a member of the board of directors, with David Copeland (a current director) serving as the initial designee.
Harte Hanks, Inc., together with its subsidiaries, is a global customer experience company. The Company operates through four segments: Marketing Services; Customer Care, Sales Service, and Fulfillment & Logistics Services. Marketing Services segment leverages data, insight, and experience to support clients as they engage customers through digital, traditional, and emerging channels. Customer Care segment offers responsive contact center solutions, which use real-time data to interact with each customer. Customer contacts are handled through phone, e-mail, social media, text messaging, chat, and digital self-service support. Sales Services segment enables customers to optimize their go-to-market function by offering a range of outsourced services including sales process optimization, sales play development, inbound lead qualification and outbound sales prospecting. Fulfillment & Logistics segment consists of mail and product fulfillment and logistics services.
HARTE HANKS, INC. 
