DFC Global Corp. Announces Pricing of Private Offering of Senior Secured Notes
06 Juin 2014 - 10:01PM
Business Wire
DFC Global Corp. (NASDAQ:DLLR) (the “Company”) today announced
that in connection with the pending acquisition of the Company by
an affiliate of Lone Star Funds (“Lone Star”), DFC Finance Corp., a
Delaware corporation and an affiliate of Lone Star, priced its
private offering of $800 million aggregate principal amount of
Senior Secured Notes due 2020 (the “USD Notes”). The USD Notes will
bear interest at a rate of 10.5% per annum.
Upon consummation of the acquisition, the USD Notes will be
guaranteed by the Company and substantially all of its direct and
indirect, wholly owned subsidiaries organized in the United States,
Canada and the United Kingdom, subject to certain exceptions.
The proceeds from the offering will be used, in part, to finance
the pending acquisition of the Company by Lone Star and related
transactions, including the redemption of certain of the Company’s
existing indebtedness.
The USD Notes being offered have not been registered under the
Securities Act of 1933, as amended (the “Securities Act”), or any
state securities laws. As a result, they may not be offered or sold
in the United States or to any U.S. persons, except pursuant to an
applicable exemption from, or in a transaction not subject to, the
registration requirements of the Securities Act. Accordingly, the
USD Notes are being offered only to “qualified institutional
buyers” under Rule 144A of the Securities Act or, outside the
United States, to persons other than “U.S. persons” in compliance
with Regulation S under the Securities Act. A confidential offering
memorandum for the USD Notes, dated today, will be made available
to such eligible persons. The offering is being conducted in
accordance with the terms and subject to the conditions set forth
in the offering memorandum.
This press release is neither an offer to sell nor a
solicitation of an offer to buy, nor shall there be any sale of,
these securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful.
DFC Global Corp. (NASDAQ: DLLR) is a leading international
non-bank provider of alternative financial services, principally
unsecured short term consumer loans, secured pawn loans, check
cashing, gold buying, money transfers and reloadable prepaid debit
cards, serving primarily unbanked and under-banked consumers. DFC
Global Corp. serves its customers through its approximately 1,500
current retail storefront locations and its multiple Internet
platforms in ten countries across Europe and North America: the
United Kingdom, Canada, the United States, Sweden, Finland, Poland,
Spain, Romania, the Czech Republic and the Republic of Ireland. For
more information, please visit the Company’s website at
www.dfcglobalcorp.com.
Certain statements contained herein that are not descriptions of
historical facts are “forward-looking” statements. Because such
statements include risks, uncertainties and contingencies, actual
results may differ materially from those expressed or implied by
such forward-looking statements.
Additional information concerning these and other factors can be
found in our press releases and public periodic filings with the
SEC. Many of the factors that will determine our future results are
beyond the ability of management to control or predict. Readers
should not place undue reliance on forward-looking statements,
which reflect management’s views only as of the date hereof. We
undertake no obligation to revise or update any forward-looking
statements, or to make any other forward-looking statements,
whether as a result of new information, future events or
otherwise.
ICRInvestor Relations:Garrett Edson, 484-320-5800orMedia:Phil
Denning, 203-682-8200
Dfc Global Corp (MM) (NASDAQ:DLLR)
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