Cardtronics Announces Pricing of Upsized Secondary Offering of 7 Million Shares of Existing Common Stock by Selling Stockholders
March 30 2010 - 9:31PM
Cardtronics, Inc. (Nasdaq:CATM), the world's largest non-bank owner
of ATMs, today announced the pricing of an upsized secondary public
offering of 7 million shares of already outstanding common stock at
a price to the public of $12 per share. The shares of common stock
are being sold by the following selling stockholders: CapStreet II,
L.P., CapStreet Parallel II, L.P., and investment funds affiliated
with TA Associates. The offering was upsized to 7 million shares of
common stock from the base offering of 6 million shares of common
stock and is scheduled to close on April 6, 2010. The selling
stockholders have granted the underwriters a 30-day option to
purchase up to an additional 1,050,000 shares of common stock to
cover over-allotments, if any. Cardtronics will not receive any of
the proceeds from the secondary offering of shares of its common
stock by the selling stockholders.
Piper Jaffray & Co. and UBS Securities LLC are the joint
book-running managers for the offering. William Blair & Company
and SunTrust Robinson Humphrey are acting as co-managers.
A copy of the prospectus supplement and base prospectus relating
to the offering may be obtained by contacting: Piper Jaffray &
Co. Attention: Prospectus Department, 800 Nicollet Mall, Suite 800,
Minneapolis, MN 55402, telephone: 1-800-747-3924 or email:
prospectus@pjc.com or UBS Securities LLC, Attention: Prospectus
Department, 299 Park Avenue, New York, New York, 10171,
(888-827-7275, ext. 3884).
The offering is being made pursuant to an effective shelf
registration statement filed with the U.S. Securities and Exchange
Commission (SEC). A prospectus supplement and accompanying
prospectus describing the terms of the offering have been filed
with the SEC and are available on its website at
http://www.sec.gov.
This press release shall not constitute an offer to sell or
solicitation of an offer to buy, nor shall there be any sale of
these securities in any state or jurisdiction in which such offer,
solicitation, or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
ABOUT CARDTRONICS
Headquartered in Houston, Texas, Cardtronics is the world's
largest non-bank owner of ATMs. Cardtronics operates over 33,400
ATMs across its portfolio, with ATMs in every major market in the
United States (including Puerto Rico), over 2,600 ATMs throughout
the United Kingdom, and over 2,600 ATMs throughout Mexico. Major
merchant clients include 7-Eleven(R), Chevron(R), Costco(R),
CVS(R)/pharmacy, ExxonMobil(R), Rite Aid(R), Safeway(R), Target(R),
and Walgreens(R). Complementing its ATM operations, Cardtronics
works with financial institutions of all sizes to provide their
customers with convenient cash access and deposit capabilities
through ATM branding, surcharge-free programs, and image deposit
services. Approximately 11,100 Cardtronics owned and operated ATMs
currently feature bank brands.
The Cardtronics logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=991.
Statements about the offering may be forward-looking statements
as defined under federal law. These forward-looking statements rely
on a number of assumptions concerning future events and are subject
to a number of uncertainties and factors, many of which are outside
the control of Cardtronics, and a variety of risks that could cause
results to differ materially from those expected by management of
Cardtronics. Cardtronics undertakes no obligation to update or
revise forward-looking statements to reflect changed assumptions,
the occurrence of unanticipated events or changes to future
operating results over time.
CONTACT: Cardtronics, Inc.
Investors:
Chris Brewster, Chief Financial Officer
832-308-4128
cbrewster@cardtronics.com
Media:
Joel Antonini, Vice President - Marketing
832-308-4131
joel.antonini@cardtronics.com
Cardtronics (NASDAQ:CATM)
Historical Stock Chart
From Jun 2024 to Jul 2024
Cardtronics (NASDAQ:CATM)
Historical Stock Chart
From Jul 2023 to Jul 2024