Volt Delta repays $42 million of bank debt, terminates facility

By Sara Rosenberg

New York, Aug. 14 - Volt Delta Resources LLC prepaid the $42 million borrowed under its secured credit facility and terminated the facility ahead of the December maturity, according to a news release.

Funds for the repayment came from excess cash resulting from the sale of the company's domestic directory publishing operations in September 2008.

In addition, the company plans on reducing its trade receivable securitization program to $150 million from $175 million.

Volt Delta Resources is a subsidiary of Volt Information Sciences Inc., a New York-based provider of infrastructure services in technology, information services and staffing acquisition.

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