Dollar Financial Corp. Announces Pricing of Common Stock
April 07 2011 - 5:25PM
Business Wire
Dollar Financial Corp. (NASDAQ:DLLR) (the “Company”) today
announced the pricing of an underwritten public offering of
6,000,000 shares of its common stock at an offering price of $20.75
per share. The Company expects to receive gross proceeds of
approximately $124,500,000. In addition, the Company has granted
the underwriters a 30-day option to purchase up to an additional
900,000 shares of common stock to cover over-allotments, if any.
The offering is expected to close on April 13, 2011, subject to
customary closing conditions.
Credit Suisse Securities (USA) LLC and Nomura Securities
International, Inc. are serving as joint book-running managers for
the offering.
The shares described above are being offered 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 is being 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 from 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 net
proceeds from the offering and the closing of the offering, are
“forward-looking statements” that involve risks, uncertainties and
other important factors, including, without limitation, the risk
that adverse events could cause a delay of the closing of the
offering or the termination of the 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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