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News

• Queensland government spends $58.8M on debt recovery system

  The Queensland government has awarded CGI a $58.8 million contract to deliver a debt recovery solution that will enable faster collections.

• SKILLED Group sells call centre unit

  Labour services company SKILLED Group (ASX:SKE) has sold call centre unit Excelior in a transaction worth at least $8.2m

• Coffey International plots $40m raising

  Consulting services company Coffey International (ASX:COF) plans to raise $40m to help deleverage as it completes an operational streamlining

• SingTel prices $200m in convertible notes

  Optus parent SingTel (ASX:SGT) has priced convertible notes worth over $200m, days after arranging credit facilities approaching $3b

• Economy hit by export shortfall in March

  Australia's current account deficit grew by $2.35 billion in the March quarter, partly due to the impact of the recent flooding on exports, ABS data shows

• CSG announces $40m capital raising

  IT services company CSG (ASX:CSV) will conduct a rights issue and entitlement offer to raise $40m to help repay some of its growing debt and meet contractual repayments

• Telstra prices $960m in senior notes

  Telstra (ASX:TLS) has priced a US$1b bond issue in one of a number of recent initiatives to refinance its existing debt

• Hyro 2010 profit falls 65%

  Digital services company Hyro (ASX:HYO) posted a 65% decease in 2010 profit, but said due to debt reductions and restructuring it will soon be in its strongest ever financial position

• Hyro settles ATO debt

  Hyro Limited (ASX:HYO) has settled the last of its historical debts with the Australian Taxation Office (ATO).

• Hyro plots $4m rights issue

  Digital services provider Hyro (ASX:HYO) aims to raise $4m in a rights issue, to help eliminate the debts which caused it to swing to an FY10 loss

• Digislide responds to wind-up reports

  Projection technology developer DigiSlide (ASX:DGI) said it has already made arrangements to settle its debt with a company pursuing a wind-up application against it

• STW Comm signs $170m debt facility

  Marketing company STW Communications (ASX:SGN) has signed a new banking facility in Australia with Westpac (ASX:WBC) and HSBC

• iSOFT sells assets for $28.5m debt reduction

  Healthcare IT company iSOFT (ASX:ISF) has sold its financial management software business as part of a $28.5m debt reduction

• WinTech staves off court battle

  Computer importer and distributor (ASX:WTG) has dodged a supreme court fight by completing its debt repayments to CFO Solutions HQ

• Argus converts more debt to equity

  Print management company Argus Solutions (ASX:ASV) has completed a third tranche of the debt conversion deal with two of its suppliers