CSG Systems International Adjusts Convertible Debt Conversion Rate for 2016 Convertible Notes as a Result of Dividend
September 16 2020 - 7:00AM
Business Wire
CSG® (NASDAQ: CSGS) today announced that as a result of its
third quarter dividend of $0.235 per share on its common stock, it
will adjust the conversion rate for its outstanding 4.25% Senior
Convertible Notes issued in March 2016 (the “2016 Convertible
Notes”). The adjustments are made in accordance with the terms of
the Indenture Agreement.
CSG’s 2016 Convertible Notes (Unrestricted CUSIP Number 126349
AF6) mature on March 15, 2036 and the original $230,000,000
aggregate principal amount remains outstanding. Effective September
14, 2020, the conversion rate for the 2016 Convertible Notes has
been adjusted to 17.645 shares for each $1,000 in principal amount
of 2016 Convertible Notes (equivalent to a conversion price of
approximately $56.67) per share of CSG common stock.
About CSG
For more than 35 years, CSG has simplified the complexity of
business, delivering innovative customer engagement solutions that
help companies acquire, monetize, engage and retain customers.
Operating across more than 120 countries worldwide, CSG manages
billions of critical customer interactions annually, and its
award-winning suite of software and services allow companies across
dozens of industries to tackle their biggest business challenges
and thrive in an ever-changing marketplace. CSG is the trusted
partner for driving digital innovation for hundreds of leading
global brands, including AT&T, Charter Communications, Comcast,
DISH, Eastlink, Formula One, Maximus, MTN and Telstra. To learn
more, visit our website at csgi.com and connect with us on
LinkedIn, and Twitter.
Copyright © 2020 CSG Systems International, Inc. and/or its
affiliates (“CSG”). All rights reserved. CSG® is a registered
trademark of CSG Systems International, Inc. All third-party
trademarks, service marks, and/or product names which are
referenced in this document are the property of their respective
owners, and all rights therein are reserved.
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David Banks Investor Relations CSG +1 (303) 200-3127
david.banks@csgi.com
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