Clarke American Corp. Announces Private Offering of Senior Notes
13 4์ 2007 - 5:30AM
Business Wire
Clarke American Corp. (๏ฟฝClarke American๏ฟฝ) today announced that it
intends to commence a private placement offering to eligible
purchasers of an aggregate of $615.0 million of senior floating
rate notes due 2015 and senior fixed rate notes due 2015. The
offering of the notes is part of the financing for, and is
conditioned upon the completion of, the proposed acquisition of
John H. Harland Company (NYSE:JH) by M & F Worldwide Corp.
(NYSE:MFW), Clarke American๏ฟฝs parent company. The resale of the
notes in connection with the private placement offering, which is
subject to market and other conditions, will be made within the
United States only to qualified institutional buyers and outside
the United States only to non-U.S. investors under Regulation S of
the Securities Act of 1933, as amended. The notes being offered
have not been registered under the Securities Act of 1933 or
applicable state securities laws, and may not be offered or sold in
the United States absent registration or an applicable exemption
from the registration requirements of the Securities Act of 1933,
as amended, and applicable state laws. This announcement shall not
constitute an offer to sell or a solicitation of an offer to buy
the notes. About Clarke American Clarke American is a leading
provider of checks and related products, direct marketing and
contact center services to financial and commercial institutions as
well as individual consumers and small businesses. Clarke American
serves financial institutions through the Clarke American and
Alcott Routon brands and serves consumers and businesses directly
through the Checks In The Mail and B2Direct brands. Clarke American
is a wholly owned subsidiary of M & F Worldwide Corp., a
holding company that, in addition to Clarke American, wholly owns
Mafco Worldwide Corporation, which is the world๏ฟฝs largest producer
of licorice extracts and related products. Safe Harbor Statement
This press release contains forward-looking statements that reflect
management๏ฟฝs current assumptions and estimates of future
performance and economic conditions, which are forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. These statements are subject to a number of
risks and uncertainties, many of which are beyond Clarke American๏ฟฝs
control. All statements other than statements of historical facts
included in this press release, including those regarding Clarke
American๏ฟฝs strategy, future operations, financial position,
estimated revenues, projected costs, projections, prospects, plans
and objectives of management, are forward-looking statements. When
used in this press release, the words ๏ฟฝintends,๏ฟฝ ๏ฟฝproposed๏ฟฝ or
similar expressions are intended to identify forward-looking
statements, although not all forward-looking statements contain
such identifying words. All forward-looking statements speak only
as of the date of this press release. Although Clarke American
believes that its plans, intentions and expectations reflected in
or suggested by the forward-looking statements made in this press
release are reasonable, such plans, intentions or expectations may
not be achieved. The factors which may cause Clarke American๏ฟฝs
actual results, performance or achievements to be materially
different from any future results, performance or achievements
expressed or implied by the forward-looking statements contained in
this press release include: 1) Clarke American๏ฟฝs substantial
indebtedness; 2) covenant restrictions under Clarke American๏ฟฝs
indebtedness that may limit its ability to operate its business and
react to market changes; 3) the maturity of the principal industry
in which Clarke American operates and trends in the paper check
industry, including a faster than anticipated decline in check
usage due to increasing use of alternative payment methods and
other factors; 4) consolidation among financial institutions; 5)
higher than anticipated stand-alone costs of Clarke American; 6)
adverse changes among the large financial institution clients on
which Clarke American depends, resulting in decreased revenues; 7)
intense competition in all areas of Clarke American๏ฟฝs business; 8)
interruptions or adverse changes in Clarke American๏ฟฝs supplier
relationships, technological capacity, intellectual property
matters and applicable laws; and 9) the inability to consummate the
merger and/or integration (including realization of anticipated
synergies) of Harland, and the related financing, at all or in the
manner anticipated by Clarke American and M & F Worldwide Corp.
Clarke American assumes no responsibility to update the
forward-looking statements contained in this press release. You
should read carefully the factors described in Item 1A of the
Company๏ฟฝs Annual Report on Form 10-K filed with the SEC on March 9,
2007 for a description of other risks that could, among other
things, cause actual results to differ from these forward-looking
statements.
M & F (NYSE:MFW)
๊ณผ๊ฑฐ ๋ฐ์ดํฐ ์ฃผ์ ์ฐจํธ
๋ถํฐ 8์(8) 2024 ์ผ๋ก 9์(9) 2024
M & F (NYSE:MFW)
๊ณผ๊ฑฐ ๋ฐ์ดํฐ ์ฃผ์ ์ฐจํธ
๋ถํฐ 9์(9) 2023 ์ผ๋ก 9์(9) 2024
M&F Worldwide Corp. Common Stock (๋ด์ ์ฆ๊ถ๊ฑฐ๋์)์ ์ค์๊ฐ ๋ด์ค: ์ต๊ทผ ๊ธฐ์ฌ 0
More Clarke American Corp. News Articles