COLUMBUS, Ohio, Dec. 16, 2019 /PRNewswire/ -- Alliance Data
Systems Corporation (NYSE: ADS) ("Alliance Data") announced
today that it proposes to offer, subject to market conditions and
other factors, $600.0 million
aggregate principal amount of senior notes due 2024 (the
"Notes"). The Notes will be offered to qualified
institutional buyers pursuant to Rule 144A under the
Securities Act of 1933, as amended (the "Securities Act"),
and to certain non-U.S. persons in accordance with Regulation S
under the Securities Act (the "Notes Offering"). Alliance
Data intends to use the net proceeds from the Notes Offering to
repay a portion of the outstanding indebtedness under the term
loans provided for in its existing credit agreement (the "Credit
Agreement").
The Notes will be general unsecured senior obligations of
Alliance Data and will be guaranteed on a senior unsecured basis by
each of its existing and future domestic subsidiaries that incurs
or in any other manner becomes liable for any debt under Alliance
Data's domestic credit facilities, including the Credit Agreement.
The Notes will pay interest semi-annually. The interest rate
and other terms of the Notes are to be determined by negotiations
between Alliance Data and the initial purchasers.
The Notes will not be registered under the Securities Act or any
state securities laws and may not be offered or sold in
the United States absent
registration or an applicable exemption from such registration
requirements. Alliance Data is under no obligation, and has no
intention, to register the Notes under the Securities Act or any
state securities laws in the future.
This announcement is neither an offer to sell nor a solicitation
of an offer to buy any of these securities and shall not constitute
an offer, solicitation or sale in any jurisdiction in which such
offer, solicitation or sale is unlawful.
About Alliance Data
Alliance Data is a leading global provider of data-driven
marketing and loyalty solutions serving large, consumer-based
industries. Alliance Data creates and deploys customized solutions,
enhancing the critical customer marketing experience; the result is
measurably changing consumer behavior while driving business growth
and profitability for some of today's most recognizable brands.
Alliance Data helps its clients create and increase customer
loyalty through solutions that engage millions of customers each
day across multiple touch points using traditional, digital, mobile
and emerging technologies. An S&P 500, FORTUNE 500 and FORTUNE
100 Best Companies to Work For company headquartered in
Columbus, Ohio, Alliance Data
consists of businesses that together employ over 9,000 associates
at more than 50 locations worldwide.
Alliance Data's card services business is a provider of
market-leading private label, co-brand, and business credit card
programs. LoyaltyOne owns and operates the AIR MILES® Reward
Program, Canada's most recognized
loyalty program, and Netherlands-based BrandLoyalty, a global
provider of tailor-made loyalty programs for grocers. In
July 2019, Alliance Data completed
the sale of its Epsilon business to Publicis Groupe. More
information about Alliance Data can be found at
www.AllianceData.com.
Forward-Looking Statements
This release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section
21E of the Securities Exchange Act of 1934. Forward-looking
statements give our expectations or forecasts of future events and
can generally be identified by the use of words such as "believe,"
"expect," "anticipate," "estimate," "intend," "project," "plan,"
"likely," "may," "should" or other words or phrases of similar
import. Similarly, statements that describe our business strategy,
outlook, objectives, plans, intentions or goals also are
forward-looking statements. Examples of forward-looking statements
include, but are not limited to, statements we make regarding
strategic initiatives, our expected operating results, future
economic conditions including currency exchange rates, future
dividend declarations and the guidance we give with respect to our
anticipated financial performance.
We believe that our expectations are based on reasonable
assumptions. Forward-looking statements, however, are subject to a
number of risks and uncertainties that could cause actual results
to differ materially from the projections, anticipated results or
other expectations expressed in this release, and no assurances can
be given that our expectations will prove to have been correct.
These risks and uncertainties include, but are not limited to,
factors set forth in the Risk Factors section in our Annual Report
on Form 10-K for the most recently ended fiscal year, which may be
updated in Item 1A of, or elsewhere in, our Quarterly Reports on
Form 10-Q filed for periods subsequent to such Form 10-K. Further
risks and uncertainties include, but are not limited to, the impact
of strategic initiatives on us or our business if any transactions
are undertaken, and whether the anticipated benefits of such
transactions can be realized as well as whether or when any share
repurchases are completed.
Our forward-looking statements speak only as of the date made,
and we undertake no obligation, other than as required by
applicable law, to update or revise any forward-looking statements,
whether as a result of new information, subsequent events,
anticipated or unanticipated circumstances or otherwise.
Contacts:
Alliance Data
Tiffany
Louder – Investor Relations
214-494-3048
Tiffany.Louder@alliancedata.com
Shelley Whiddon –
Media
214-494-3811
Shelley.Whiddon@alliancedata.com
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SOURCE Alliance Data Systems Corporation