TeleTech Holdings, Inc. ( TTEC ) recently announced that it has secured a multi-currency revolving credit facility of $700 million to increase its liquidity. The five-year credit facility has an accordion feature to extend the borrowing capacity to $1 billion and expires on Jun 3, 2018. TeleTech has procured this credit facility to fund its working capital requirements, discretionary investments and capital distributions. TeleTech also plans to use the funds to expand its business through both organic as well as inorganic growth. Additionally, the company aims to efficiently finance its long-term growth strategies and to explore value-creating opportunities by leveraging increased financial flexibility. Previously in Oct 2010, TeleTech had procured a $350 million revolving credit facility, which was subsequently raised by an additional $150 million in Mar 2012. As of Mar 31, 2013, the borrowing capacity of the existing revolving facility was approximately $381.2 million.