IBEX Extends U.S. and UAE Credit Facilities to 2029 and Adds $1M Bond Line
IBEX amended its secured $25 million U.S. revolver with HSBC, extending maturity to October 22, 2029, with specified renewal and unused-commitment fees. In the UAE, it extended credit facilities to the same date, kept a $50 million post-shipment seller revolver, added a $1 million performance bond line, maintained a $50,000 card facility, and set fees, alongside receivables security up to $58.905 million.