Startek to seek lender consent for planned divestment

By Mary-Katherine Stinson

Lexington, Ky., Jan. 11 – Startek Inc. will seek lender consent regarding its secured revolving credit facility and senior term loan facility agreement for its divestment of Contact Center Co., according to a news release.

On Jan. 11, Startek announced that its indirect wholly-owned subsidiary ESM Holdings Ltd. entered a definitive share purchase agreement with Arabian Internet and Communications Services Co. to divest its stake in Contact Center.

The agreement is subject to consents required under the Startek secured revolver and senior term loan facility agreement as well as customary closing conditions, third-party consents and regulatory approvals.

The transaction is expected to be completed during the second quarter of 2023.

Startek is a technology service provider located in Greenwood Village, Colo.

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