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Mitel will be making a $15m payment against its existing credit facility following a period of strong cash generation.
This is Mitel's second voluntary debt payment this year, bringing the total debt repaid in 2016 to $40m.
"Consistent with our commitments to shareholders, we are taking cash generated during the March quarter in excess of our working capital requirements to make our second voluntary debt reduction payment in 2016," said Steve Spooner, Chief Financial Officer.
Mitel's results for the first quarter of 2016 for the period ending March 31, 2016 will be issued before the market opens on May 5th, 2016.
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