Cash America Completes $300 Million Senior Notes Offering and Extends and Amends Revolving Credit Facility

  Cash America Completes $300 Million Senior Notes Offering and Extends and
  Amends Revolving Credit Facility

Business Wire

FORT WORTH, Texas -- May 15, 2013

Cash America International, Inc. (NYSE: CSH) today announced that it completed
the private offering of $300 million of its 5.75% Senior Notes due 2018 (the
“Notes”). The Notes were sold to qualified institutional buyers in accordance
with Rule 144A and outside the United States pursuant to Regulation S under
the Securities Act of 1933, as amended (the “Securities Act”). Cash America
intends to use a portion of the net proceeds from the Notes to repay existing
indebtedness, including outstanding balances under its domestic and
multi-currency line of credit, and the remaining net proceeds for general
corporate purposes. The Notes have not been registered under the Securities
Act or any state securities laws.

Additionally, the Company announced that on May 10, 2013, it amended its
Credit Agreement for its domestic and multi-currency line of credit (the
“Revolving Credit Facility”) and its $50 million term loan. The Credit
Agreement, provided through a group of commercial banks, was amended primarily
to extend the maturity date for the Revolving Credit Facility and term loan
from March31, 2015 to March31, 2018. Previously, the Credit Agreement was
set to reduce the maximum credit available to the Company under the Revolving
Credit Facility from $380 million to $280 million on May 29, 2013. The
amendment accelerated the expiration of this $100 million incremental credit
commitment to the amendment date, and the maximum available under the
Revolving Credit Facility is now $280 million. The amendment also adds an
accordion feature whereby the Revolving Credit Facility may be increased up to
an additional $100 million at the request of Cash America, subject to the
consent of any increasing lenders. The amendment to the Credit Agreement did
not alter the existing pricing of borrowings or any of the financial
covenants. Cash America expects to repay the entire outstanding balance under
the Revolving Credit Facility, approximately $202million as of May 14, 2013,
with a portion of the net proceeds of the Notes. The term loan portion of the
Credit Agreement, originally $50 million, will remain outstanding with a
current balance of approximately $39.6 million as of May 14, 2013.

Commenting on the transactions, Daniel R. Feehan, Chief Executive Officer of
Cash America International,Inc. said, “Today we announce the completion of
two important financing transactions that position us well for the foreseeable
future. The issuance of the long-term fixed rate notes provides us with a
stable source of debt capital for the next five years. In addition, the
proceeds from the note issuance allowed us to completely pay down the line of
credit which creates significant flexibility to pursue objectives to enhance
long-term shareholder value, including potential acquisitions, funding of
consumer loans and activities related to the Company’s existing open market
authorization to repurchase its common shares.”

About the Company

As of March 31, 2013, Cash America International, Inc. (the “Company”)
operated 966 total locations offering specialty financial services to
consumers, which included the following:

  *828 lending locations in 22 states in the United States primarily under
    the names “Cash America Pawn,” “SuperPawn,” “Cash America Payday Advance,”
    and “Cashland;”
  *47 pawn lending locations in central and southern Mexico under the name
    “Cash America casa de empeño” (previously operated under the name “Prenda
    Fácil”); and
  *91 check cashing centers (all of which are unconsolidated franchised check
    cashing centers) operating in 15 states in the United States under the
    name “Mr. Payroll.”

Additionally, as of March 31, 2013, the Company offered consumer loans over
the Internet to customers:

  *in 32 states in the United States at http://www.cashnetusa.com and
    http://www.netcredit.com;
  *in the United Kingdom at http://www.quickquid.co.uk and
    http://www.poundstopocket.co.uk;
  *in Australia at http://www.dollarsdirect.com.au; and
  *in Canada at http://www.dollarsdirect.ca.

For additional information regarding the Company and the services it provides,
visit the Company’s websites located at:

http://www.cashamerica.com     http://www.poundstopocket.co.uk
http://www.enova.com             http://www.dollarsdirect.com.au
http://www.cashnetusa.com        http://www.dollarsdirect.ca
http://www.netcredit.com         http://www.goldpromise.com
http://www.cashlandloans.com     http://www.mrpayroll.com
http://www.quickquid.co.uk       http://www.primaryinnovations.net
                                 

Safe Harbor Statement under the Private Securities Litigation Reform Act of
1995

This release contains forward-looking statements about the business, financial
condition, operations and prospects of the Company. The actual results of the
Company could differ materially from those indicated by the forward-looking
statements because of various risks and uncertainties including, without
limitation: the effect of or changes in domestic and foreign pawn, consumer
credit, tax and other laws and governmental rules and regulations applicable
to the Company's business or changes in the interpretation or enforcement
thereof; the anticipated regulation of providers of consumer financial
products and services by the Consumer Financial Protection Bureau; public
perception of the Company’s business, including its consumer loan business and
its business practices; the deterioration of the political, regulatory or
economic environment in foreign countries where the Company operates or in the
future may operate; fluctuations, including a sustained decrease, in the price
of gold or a deterioration in economic conditions; the effect of any current
or future litigation proceedings or any judicial decisions or rule-making that
affect the Company, its products or its arbitration agreements; the actions of
third parties who provide, acquire or offer products and services to, from or
for the Company; changes in demand for the Company's services and the
continued acceptance of the online distribution channel by the Company’s
online loan customers; the Company’s ability to attract and retain qualified
executive officers; a prolonged interruption in the Company’s operations of
its facilities, systems and business functions, including its information
technology and other business systems; the ability of the Company to open new
locations in accordance with its plans or to successfully integrate newly
acquired businesses into the Company’s operations; changes in competition;
interest rate and foreign currency exchange rate fluctuations; changes in the
capital markets; changes in the Company’s ability to satisfy its debt
obligations or to refinance existing debt obligations or obtain new capital to
finance growth; security breaches, cyber attacks or fraudulent activity;
compliance with laws and regulations applicable to international operations;
the implementation of new, or changes in the interpretation of existing,
accounting principles or financial reporting requirements; acts of God, war or
terrorism, pandemics and other events; the effect of any of such changes on
the Company’s business or the markets in which it operates; and other risks
and uncertainties indicated in the Company's filings with the Securities and
Exchange Commission. These risks and uncertainties are beyond the ability of
the Company to control, nor can the Company predict, in many cases, all of the
risks and uncertainties that could cause its actual results to differ
materially from those indicated by the forward-looking statements. When used
in this release, terms such as “believes,” “estimates,” “should,” “could,”
“would,” “plans,” “expects,” “anticipates,” “may,” “forecasts,” “projects” and
similar expressions and variations as they relate to the Company or its
management are intended to identify forward-looking statements. The Company
disclaims any intention or obligation to update or revise any forward-looking
statements to reflect events or circumstances occurring after the date of this
release.

Contact:

Cash America International, Inc.
Thomas A. Bessant, Jr., 817-335-1100
 
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