|[March 13, 2018]
CSG Systems Adjusts Convertible Debt Conversion Rate For 2016 Convertible Notes as a Result of Dividend
CSG (NASDAQ: CSGS), the trusted partner to simplify the complexity of business
transformation in the digital age, today announced that as a result
of its first quarter dividend of $0.21 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
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 March 13, 2018, the
conversion rate for the 2016 Convertible Notes of 17.4858 shares of CSG
common stock for each $1,000 in principal amount of the 2016 Convertible
Notes (equivalent to a conversion price of $57.19 per share of CSG
common stock) has been adjusted to 17.4951 shares for each $1,000 in
principal amount of 2016 Convertible Notes (equivalent to a conversion
price of approximately $57.16 per share of CSG common stock, compared to
the previous amount prior to this adjustment of $57.19 per share).
CSG simplifies the complexity of business transformation in the digital
age for the most respected commuications, media and entertainment
service providers worldwide. With over 35 years of experience, CSG
experience and digital
monetization solutions for every stage of the customer lifecycle.
The company is the trusted partner driving digital transformation for
leading global brands, including Arrow Electronics (News - Alert), AT&T, Bharti Airtel,
Charter Communications, Comcast, DISH, Eastlink, iFlix, MTN, TalkTalk,
Telefonica, Telstra and Verizon.
At CSG, we have one vision: flexible, seamless, limitless
communications, information and content services for everyone. For more
information, visit our website at csgi.com
and follow us on LinkedIn,
View source version on businesswire.com: http://www.businesswire.com/news/home/20180313005920/en/
[ Back to the Next Generation Communications Community's Homepage ]