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Location: Malaysia

Wednesday, February 16, 2005

Minacs restructures debt through $75 million in new credit, loan facilities

Minacs Worldwide Inc. has finalized a corporate refinancing of its debt structure through $75 million in new revolving credit and term-loan facilities, the Toronto company said Tuesday.

Minacs (TSX:MXW), which operates call centres and supplies other business outsourcing services, said the debt restructuring allows the company to expand and fund general working capital requirements.

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