Cardtronics Announces Pricing of Secondary Offering of 7 Million Shares of Existing Common Stock by Selling Stockholders
August 18 2010 - 7:54PM
Cardtronics, Inc. (Nasdaq:CATM), the world's largest non-bank owner
of ATMs, today announced the pricing of a secondary public offering
of 7 million shares of already outstanding common stock at a price
to the public of $14.00 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 is scheduled to close on August
24, 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.
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
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 regarding the offering 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 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:
J. 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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