CompuCredit Holdings Corporation Announces Expiration and Results of Put Option for 3.625% Convertible Senior Notes
01 6월 2012 - 5:00AM
Marketwired
CompuCredit Holdings Corporation (NASDAQ: CCRT) ("CompuCredit")
today announced the expiration of the option of the holders of its
outstanding 3.625% Convertible Senior Notes due 2025 (the "Notes"),
pursuant to the terms of the Notes and the indenture governing the
Notes, to require the Company to purchase, on May 30, 2012 (the
"Repurchase Date"), all or a portion of their Notes (the "Put
Option") at a price equal to 100% of the principal amount of the
Notes, plus any accrued and unpaid interest.
Under the terms of the Put Option, holders of the Notes had the
opportunity to surrender the Notes for purchase pursuant to the Put
Option prior to or at 5:00 p.m., New York City time, on the
Repurchase Date and had the opportunity to withdraw any Notes
previously surrendered for purchase at any time prior to 5:00 p.m.,
New York City time, on the Repurchase Date.
As of the expiration of the Put Option, Notes in the aggregate
principal amount of $83,493,000 were validly surrendered and not
validly withdrawn. CompuCredit accepted for purchase all of these
Notes for a purchase price equal to 100% of the principal amount of
the Notes. Following CompuCredit's purchase of the Notes pursuant
to the Put Option, $450,000 in aggregate principal amount of the
Notes remains outstanding. The terms and other provisions of the
indenture governing the Notes remain unchanged.
U.S. Bank National Association acted as paying agent for the Put
Option. Additional information relating to the Put Option may be
obtained from U.S. Bank National Association by calling
1-800-934-6802.
About CompuCredit CompuCredit is a
provider of various credit and related financial services and
products to consumers who are underserved by traditional financial
institutions. For more information about CompuCredit, visit
www.CompuCredit.com.
Forward-Looking Statements In addition to
historical information, this press release contains forward-looking
statements. These statements are based on current expectations,
estimates and projections about the industry and markets in which
CompuCredit operates, management's beliefs, and assumptions made by
management. It is important to note that actual results could
differ materially from those projected in such forward-looking
statements. Forward-looking statements are not guarantees of future
performance and involve certain risks and uncertainties that are
difficult to predict. Reference is made to CompuCredit's regulatory
filings with the Securities and Exchange Commission for information
and factors that may impact CompuCredit's performance.
U.S. Bank National Association 1-800-934-6802
Compucredit (NASDAQ:CCRT)
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Compucredit (NASDAQ:CCRT)
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