logo
Share SHARE
FONT-SIZE Plus   Neg

DFC Global Prices $200 Mln Of Senior Convertible Notes

DFC Global Corp. (DLLR) said Tuesday that it has priced $200 million aggregate principal amount of 3.25% senior convertible notes due 2017.
The notes will be sold to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended. The sale is expected to close on April 16.

The company has granted to the initial purchasers of the notes the right to purchase up to an additional $30 million aggregate principal amount of notes solely to cover overallotments.

The company estimates that the net proceeds from this offering will be about $193 million, after deducting the initial purchasers' discounts and the estimated offering expenses.

The company expects to apply the net proceeds from the offering and the sale of the warrants to fund the costs and expenses of the convertible note hedge transactions, repay certain indebtedness and for other general corporate purposes, which may include acquisitions, investments and repurchases of company common stock from time to time pursuant to the company's previously announced share repurchase program.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Everyone knows that the Federal Reserve will raise interest rates next Wednesday at the conclusion of its two-day policy meeting. After all, Fed speakers have been jawboning a rate hike over the past few weeks. With the markets reacting with eerie calm to Donald Trump's win, policy makers have no... GOP strategist Karl Rove has criticized U.S. President-elect Donald Trump's comments on aircraft maker Boeing Co.'s contract for a new Air Force One plane, saying they were inaccurate and de-stabled the stock of a major company. Air Force One is the official air plane for the U.S. President. Elon Musk's space transport company SpaceX has lost a satellite launch order from one of its customers due to the delay in its rocket launch schedule after one of its rockets exploded in September.
comments powered by Disqus
Follow RTT