August 21, 2009 (FinancialWire) — Ciber, Inc. (NYSE: CBR) said it has completed a new three-year, multi-bank $155 million financing, led by Bank of America, N.A. (NYSE: BAC) as administrative agent.

company CEO Mac Slingerlend said that Ciber’s banking facility has been “an issue” since early 2009, “in large part due to global economic conditions.”

He said that CIber had remained in compliance at all times, “but were being put under the pressure of a debt ratio covenant tightening over 20% in 2009.” Slingerlend said that the company’s former bank agent was not willing to amend the facility to loosen this covenant “without taking away other things.”

Greenwood, Village, Colorado-based Ciber is a system integration consultancy and outsourcing company for both private and government sector clients. The company serves client businesses from over 40 U.S. offices, 25 European offices and seven offices in Asia/Pacific.

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