Quick Facts
FONT-SIZE Plus   Neg
Share SHARE
mail  E-MAIL

DFC Global Prices $200 Mln Of Senior Convertible Notes

RELATED NEWS
Trade DLLR now with 
4/10/2012 7:36 PM ET

DFC Global Corp. (DLLR: Quote) 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.

Click here to receive FREE breaking news email alerts for DFC Global Corp. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Israel on Thursday announced it has suspended the US-mediated peace talks with the Palestinians in response to a unity accord reached between the two rival Palestinian groups, the Hamas and the Fatah. The development comes just a day after the Hamas, a radical Islamist group that controls Gaza, and the Fatah faction that rules the West Bank announced a reconciliation deal. The two groups said they While U.S. President Barack Obama and his Russian counterpart Vladimir Putin have called for a diplomatic solution to the ongoing crisis in Ukraine, the two leaders both made comments Thursday with the potential to inflame rather than tamp down the situation. After initially showing a lack of direction, stocks have moved mostly higher over the course of the trading day on Thursday. The strength that has emerged on the day has largely offset the weakness that was seen in the previous session. The major averages have moved roughly sideways in recent trading, hovering in positive territory.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.