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CX - Startek proposes $20M stock buyback prepays up to $55M on term loan and credit facility
Cemex S.A.B. de C.V. Sponsored ADR
2023-04-26 16:52:58 ET
Startek ( NYSE: SRT ) said Wednesday the company has launched a new share repurchase program of $20 million.
The company also announced prepayment of a certain credit facility and term loan, using $55 million of proceeds from the sale of its interest in Contact Center Company.
SRT will use $7 million to prepay its revolving credit facility, and $48 million towards prepayments on its senior term loan.