11/05/2024 | Press release | Distributed by Public on 11/05/2024 16:01
Item 1.01 Entry into a Material Definitive Agreement.
On November 5, 2024, TTEC Holdings, Inc., through its wholly-owned subsidiary, TTEC Services Corporation (collectively, "TTEC" or "Company"), entered into a definitive agreement to sell and subsequently closed the sale of a real estate asset located at 9197 S. Peoria Street, Englewood, Colorado 80112 ("Englewood Building") to Catholic Health Initiatives Colorado, a Colorado not-for-profit organization, for $45,500,000, subject to certain customary adjustments, payable at closing. The Englewood Building was previously used by TTEC as its principal executive offices/place of business ("Principal Place of Business") and was not used in business operations. The Company intends to use the proceeds from the sale to reduce the Company's outstanding balance under its revolving line of credit.