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
Online retail giant Amazon is launching technical teams with full-time employees, but with 30 hour a week work schedule, the Washington Post reported. The program could help boost the image of Amazon, which has faced criticism for intense work conditions earlier. Taxi-hailing company Uber and its rival Careem has suspended their services in Abu Dhabi, the capital of the United Arab Emirates, since Saturday, reports said. Uber said the move was temporary, and did not explain the reason for suspension of services. Even after two years of thoroughly searching across the Indian Ocean, using modern technologies and devices, there is no clue about the Malaysian airline that vanished on March 8, 2014.
comments powered by Disqus
Follow RTT