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February 11, 2016 6:43 AM ET

Media

Company Overview of Affinion Group Holdings, Inc.

Company Overview

Affinion Group Holdings, Inc. engages in designing, marketing, and servicing customer engagement and loyalty solutions worldwide. The company partners with various companies to develop and market programs that offer a range of services to their end-customers. Its customer engagement and loyalty solutions include the development of customized and relevant products and services that address fundamental consumer needs and fulfill the expectations consumers have of the services and offers they expect to receive from its marketing partners; marketing strategy and management of customized marketing programs; and data analysis utilizing its proprietary technology and databases to target customers. ...

6 High Ridge Park

Stamford, CT 06905

United States

Founded in 1973

3,700 Employees

Phone:

203-956-1000

Key Executives for Affinion Group Holdings, Inc.

Chief Executive Officer and Director
Age: 44
Chief Financial Officer and Executive Vice President
Age: 44
Chief Operating Officer and Executive Vice President
Age: 46
President of Affinion International and Managing Director of Affinion International
Age: 47
President of Membership Services
Age: 50
Compensation as of Fiscal Year 2015.

Affinion Group Holdings, Inc. Key Developments

Affinion Group Holdings, Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2015; Provides Adjusted EBITDA Guidance for the Year 2015

Affinion Group Holdings, Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2015. For the quarter the company reported net revenues of $291.3 million against $303.0 million a year ago. Income from operations was $38.4 million against $12.5 million a year ago. Loss before income taxes and non-controlling interest was $18 million against $37.8 million a year ago. Net loss attributable to company was $19.3 million against $40.6 million a year ago. Net cash provided by operating activities was $5.4 million against $9.2 million a year ago. Adjusted EBITDA, excluding pro forma adjustments was $75.5 million against $72.1 million a year ago. The decrease in overall net Revenue was primarily due to expected revenue declines in Membership, as well as declines in the International business, partially offset by increased revenue in Insurance and Package. Segment EBITDA increased $22.4 million, as the impact of lower net Revenue was more than offset by lower marketing and commissions and lower general and administrative expenses. For the nine months, the company reported net revenues of $888.6 million against $928.2 million a year ago. Income from operations was $93 million against $31.9 million a year ago. Loss before income taxes and non-controlling interest was $77.9 million against $148.6 million a year ago. Net loss attributable to company was $82.6 million against $159.9 million a year ago. Net cash used in operating activities was $2.5 million against net cash from operating activities of $6.9 million a year ago. Capital expenditures was $23.3 million against $36.3 million a year ago. Adjusted EBITDA, excluding pro forma adjustments was $196 million against $199.7 million a year ago. The company announced that it continue to expect that 2015 Adjusted EBITDA will be flat compared to 2014, on a currency consistent basis.

Affinion Group Holdings, Inc., Q3 2015 Earnings Call, Nov 12, 2015

Affinion Group Holdings, Inc., Q3 2015 Earnings Call, Nov 12, 2015

Affinion Group Holdings, Inc. Announces Satisfaction of Minimum Conditions - Expiration Time Remains Scheduled for November 3, 2015- Settlement Date Remains Expects to Be November 9, 2015

Affinion Group Holdings, Inc. announced that, in connection with its previously announced private exchange offers and consent solicitations (the 'Exchange Offers'), as of 4:15 p.m., New York City time, on November 2, 2015, tenders and consents had been received from holders of $247,405,368 aggregate principal amount, or approximately 95%, of Affinion Holdings' outstanding 13.75%/14.50% Senior Secured PIK/Toggle Notes due 2018 (the 'Existing Holdings Notes') and $337,346,520 aggregate principal amount, or approximately 93.7%, of Affinion Investments, LLC's ('Affinion Investments') outstanding 13.50% Senior Subordinated Notes due 2018 (the 'Existing Investments Notes' and, together with the Existing Holdings Notes, the 'Existing Notes'), thereby satisfying the previously announced minimum conditions in the Exchange Offers requiring the valid tender of at least $247,405,368 aggregate principal amount of Existing Holdings Notes and $336,530,520 aggregate principal amount of Existing Investments Notes. As previously announced, the Exchange Offers are scheduled to expire at 11:59 p.m., New York City time, on November 3, 2015, unless extended (the 'Expiration Time'), and the deadline to participate in the previously announced private rights offering (the 'Rights Offering') is scheduled to be 11:59 p.m., New York City time, on November 4, 2015. It is expected that the settlement date for the Exchange Offers and the Rights Offering will be November 9, 2015, which is the fourth business day following the Expiration Time, or as soon as practicable thereafter. Tendered Existing Notes in the Exchange Offers and subscriptions in the Rights Offering may not be withdrawn.

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