Sykes Enterprises, Inc. (SYKE: Quote), said Tuesday that it has closed the acquisition of Alpine Access, Inc.
Alpine Access was acquired for a price of $150 million, which was financed through $108 million in borrowings under the company's credit facility and the remaining from cash on hand.
The borrowing will bear interest at a variable rate of LIBOR plus an applicable margin based on Sykes Enterprises' leverage ratio.
The company said that it plans to provide an update on the expected impact of the Alpine Access acquisition on the business outlook for the fourth quarter and full-year 2012 when it reports its third quarter results.
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by RTT Staff Writer
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