Cardtronics Announces $200 Million Offering of Senior Subordinated Notes Due 2018
August 12 2010 - 9:15AM
Cardtronics, Inc. (Nasdaq:CATM) announced today that it has
launched a public offering of $200 million of senior subordinated
notes due 2018 (the "Notes"). The company intends to use all of the
net proceeds from the Notes offering to purchase its outstanding
$200 million aggregate principal amount of 9 1/4% senior
subordinated notes due 2013 pursuant to a tender offer and to
redeem any such notes not acquired in the tender offer.
Banc of America Securities LLC and J.P. Morgan Securities Inc.
are acting as joint book-running managers of the offering. Wells
Fargo Securities, LLC, BBVA Securities Inc. and SunTrust Robinson
Humphrey, Inc. are acting as co-managers.
A copy of the prospectus supplement and base prospectus relating
to the offering may be obtained by contacting: Banc of America
Securities LLC, Attention: Syndicate Operations, 4 World Financial
Center, Mail Code NY3-004-07-09, 250 Vesey Street, 7th Floor, New
York, New York 10080-1305, telephone: 1-800-294-1322 or J.P. Morgan
Securities Inc., 383 Madison Avenue 3rd Floor, New York, New York
10179, telephone: 1-800-245-8812.
The offering is being made pursuant to an effective shelf
registration statement filed with the U.S. Securities and Exchange
Commission (the "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
Cardtronics, headquartered in Houston, Texas, provides automated
consumer financial services through its network of ATMs and
multi-function financial services kiosks throughout the United
States, the United Kingdom and Mexico.
The Cardtronics logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=991.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING
STATEMENTS
Certain statements in this press release are forward-looking and
are based upon Cardtronics' current belief as to the outcome and
timing of future events. All statements, other than statements of
historical facts, that address activities that Cardtronics plans,
expects, believes, projects, estimates or anticipates will, should
or may occur in the future, including future capital expenditures
and future financial or operating results, are forward-looking
statements. Important factors that could cause actual results to
differ materially from those in the forward-looking statements
herein include the timing and extent of changes in operating risks,
liquidity risks, legislative developments and other risk factors
and known trends and uncertainties as described in Cardtronics'
Annual Report on Form 10-K and Quarterly Reports on Form 10-Q as
filed with the SEC. Should one or more of these risks or
uncertainties occur, or should underlying assumptions prove
incorrect, Cardtronics' actual results and plans could differ
materially from those expressed in the forward-looking
statements. 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
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