Cardtronics Prices $200 Million in Senior Subordinated Notes
August 12 2010 - 5:47PM
Cardtronics, Inc. (Nasdaq:CATM) today announced that it has priced
an offering of $200 million aggregate principal amount of senior
subordinated notes due 2018 (the "Notes"). The Notes will bear
interest at a rate of 8 1/4% per annum and will be issued at a
price to the public equal to 100.00% of the principal amount
thereof.
Cardtronics intends to use all of the net proceeds from the
Senior Notes offering to purchase its outstanding $200 million
aggregate principal amount of 9 1/4% senior notes due 2013 pursuant
to a tender offer and to redeem any such notes not acquired in the
tender offer. Cardtronics expects the closing of the offering of
Notes to occur on or about August 26, 2010.
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. The offering will be made
only by means of a prospectus supplement and the accompanying base
prospectus, copies of which may be obtained on the Securities and
Exchange Commission's (the "SEC") website at www.sec.gov.
Alternatively, the underwriters will arrange to send you the
prospectus supplement and related base prospectus if you request
them 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.
This press release shall not constitute an offer to sell or a
solicitation of an offer to buy the Notes or any other securities,
nor shall there be any sale of the Notes or any other 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. A shelf
registration statement relating to the securities has been filed
with the SEC and became effective March 11, 2010. The offering and
sale of the Notes will be made pursuant to this effective shelf
registration statement.
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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