First Cash announces pricing of $200m offering

The offering is expected to close on March 24, 2014.

First Cash Financial Services, Inc. (Nasdaq:FCFS) announced today that it has priced a private offering of $200 million of its 6.75% Senior Notes due 2021 at an issue price of 100% of principal amount.

the company intends to use the net proceeds from the sale of the Notes in connection with the repayment of all amounts outstanding under its revolving credit facility, to pay certain other indebtedness in full and for general corporate purposes.

Wells Fargo Securities and Deutsche Bank Securities acted as joint lead book-runners in connection with the sale of the Notes.

The Notes were offered only to qualified institutional buyers in accordance with Rule 144A under the Securities Act of 1933, as amended, and outside the United States in accordance with Regulation S under the Securities Act. The Notes were not registered under the Securities Act or under any state securities laws.

Therefore, First Cash may not offer or sell the Notes within the United States to, or for the account or benefit of, any United States person unless the offer or sale would qualify for a registration exemption from the Securities Act and applicable state securities laws.

Founded in 1988, First Cash is a leading international operator of pawn stores. First Cash focuses on serving cash and credit constrained consumers through its retail pawn locations, which buy and sell a wide variety of jewelry, electronics, tools and other merchandise, and make small consumer pawn loans secured by pledged personal property. Today, First Cash owns and operates 913 stores in 12 U.S. states and 26 states in Mexico.

First Cash is a component company in both the Standard & Poor’s SmallCap 600 Index and the Russell 2000 Index. First Cash’s common stock is traded on the NASDAQ Global Select Market, which has the highest initial listing standards of any stock exchange in the world based on financial and liquidity requirements.

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