Total System Services Intends To Seek Acquisitions
January 29, 2019 at 05:00 am
Total System Services, Inc. (NYSE:TSS) will look for acquisitions. Paul Michael Todd, Senior Executive Vice President and Chief Financial Officer said, "We ended the year below 3x leverage and are positioned
well for next year with a heavily fixed rate debt load at roughly 80% fixed and 20% floating and are positioned to continue to repurchase our shares consistent with my earlier comments while still maintaining flexibility for strategic accretive acquisitions, all while maintaining our investment-grade balance sheet and expecting to end 2019 below 3x leverage."