Dollar Financial Corp. Announces Launch of Common Stock Offering
April 05 2011 - 4:40PM
Business Wire
Dollar Financial Corp. (NASDAQ:DLLR) today announced that it has
commenced an underwritten public offering, subject to market and
other conditions, of 5,000,000 shares of its common stock. The
Company also intends to grant to the underwriters a 30-day option
to purchase up to an additional 750,000 shares of common stock to
cover over-allotments, if any.
Credit Suisse Securities (USA) LLC and Nomura Securities
International, Inc. are serving as joint book-running managers for
the offering.
The Company intends to loan the net proceeds of this offering to
Dollar Financial U.K. Limited, one of its wholly-owned
subsidiaries, to enable it to repay a portion of the amounts it
initially borrowed under the Company’s global revolving credit
facility in connection with the closing of the acquisition of
Purpose U.K. Holdings Limited (MEM).
The offering will be made pursuant to the Company’s existing
shelf registration statement previously filed with and subsequently
declared effective by the Securities and Exchange Commission.
This press release shall not constitute an offer to sell or a
solicitation of an offer to buy any of the securities described
herein, nor shall there be any offer, solicitation or sale of these
securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful. The offering of these
securities will be made only by means of a prospectus and a related
prospectus supplement, copies of which may be obtained from Credit
Suisse Securities (USA) LLC, by mail at Attention: Prospectus
Department, One Madison Avenue, New York, NY 10010 or by telephone
at (800) 221-1037, or Nomura Securities International, Inc., by
mail at Attention: Equity Syndicate Department, 2 World Financial
Center, New York, NY 10281 or by telephone at (212) 667-9000.
About Dollar Financial Corp.
Dollar Financial Corp. is a leading international diversified
financial services company primarily serving unbanked and
under-banked consumers and small business owners for over
30 years. Through its retail storefront locations as well as
by other means, such as via the Internet, the Company provides a
range of consumer financial products and services in seven
countries (Canada, the United Kingdom, the United States, the
Republic of Ireland, Sweden, Finland and Poland) to consumers who,
for reasons of convenience and accessibility, purchase some or all
of their financial services from the Company rather than from banks
and other financial institutions. The Company’s products,
principally its short-term consumer loans, check cashing services,
secured pawn loans and gold buying services, provide customers with
immediate access to cash for living expenses or other episodic
needs. The Company also offers high-value ancillary services,
including Western Union money order and money transfer products,
electronic tax filing, reloadable VISA(R) and MasterCard(R) debit
cards, foreign currency exchange, and other services. In addition,
through its branded Military Installment Loan and Education
Services, or MILES(R) program, the Company provides fee based
services to enlisted military personnel applying for loans to
purchase new and used vehicles that are funded and serviced under
an exclusive agreement with a major third-party national bank.
At December 31, 2010, the Company’s global retail
operations consisted of 1,226 locations, including 1,126
company-operated financial services stores and 100 franchised and
agent locations, conducting business primarily under the names
Money Mart(R), Money Shop(R), Insta-Cheques(R), The Check Cashing
Store(R), Sefina(R) and MoneyNow(R) in Canada, the United Kingdom,
the United States, the Republic of Ireland, Sweden, Finland and
Poland. For more information, please visit the Company’s website at
www.dfg.com.
Forward Looking Statement
Statements in this press release that are not historical facts,
including, without limitation, statements regarding the proposed
public offering and our expected use of proceeds, are
“forward-looking statements” that involve risks, uncertainties and
other important factors, including, without limitation, the risk
that adverse events could cause the cessation or delay of the
proposed offering or the risk that we will be unable to apply the
proceeds of the shares being sold by us in the offering as
presently intended. No assurance can be given that the offering
discussed above will be consummated on the terms described or at
all, or that the net proceeds of the offering will be used as
indicated. For a discussion of risks, uncertainties and important
factors, any of which could cause our actual results to differ from
those contained in the forward-looking statements, see the section
entitled “Risk Factors” in our Annual Report on Form 10-K for the
fiscal year ended June 30, 2010 filed with the Securities and
Exchange Commission and discussions of potential risks,
uncertainties and other important factors in our subsequent filings
with the Securities and Exchange Commission. You should not place
any undue reliance on any forward-looking statements. The Company
disclaims any obligation to update any such factors or to publicly
announce results of any revisions to any of the forward-looking
statements contained herein to reflect future events or
developments.
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