CSG Systems Adjusts Convertible Debt Conversion Rate As A Result of Dividend
ENGLEWOOD, Colo. -- December 10, 2013
CSG Systems International, Inc. (NASDAQ: CSGS), a global provider of software
and services-based business support solutions (BSS) announced that as a result
of its fourth quarter dividend of $0.15 per share on its common stock, it will
adjust the conversion rate for its outstanding 3.0% Senior Subordinated
Convertible Notes issued in March 2010 (the “2010 Convertible Notes”). The
adjustments are made in accordance with the terms of the Indenture Agreement.
CSG’s 2010 Convertible Notes (CUSIP Number 126349 AC3) mature on March 1, 2017
and the original $150,000,000 aggregate principal amount remains outstanding.
Effective December 6, 2013, the conversion rate for the 2010 Convertible Notes
of 41.4371 shares of CSG common stock for each $1,000 in principal amount of
the 2010 Convertible Notes (equivalent to a conversion price of $24.13 per
share of CSG common stock) has been adjusted to 41.6555 shares for each $1,000
in principal amount of 2010 Convertible Notes (equivalent to a conversion
price of $24.01 per share of CSG common stock, compared to the previous amount
prior to this adjustment of $24.13 per share).
About CSG International
CSG Systems International, Inc. (NASDAQ:CSGS) is a market-leading business
support solutions and services company serving the majority of the top 100
global communications service providers, including leaders in fixed, mobile
and next-generation networks such as AT&T, Comcast, DISH, France Telecom,
Orange, T-Mobile, Telefonica, Time Warner Cable, Vodafone, Vivo and Verizon.
With over 30 years of experience and expertise in voice, video, data and
content services, CSG International offers a broad portfolio of licensed and
Software-as-a-Service (SaaS)-based products and solutions that help clients
compete more effectively, improve business operations and deliver a more
impactful customer experience across a variety of touch points. For more
information, visit our website at www.csgi.com.
Liz Bauer, 303-804-4065
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