CSG Systems International Adjusts Convertible Debt Conversion Rate for 2016 Convertible Notes as a Result of Dividend
September 13 2019 - 08:00AM
Business Wire
CSG (NASDAQ: CSGS) today announced that as a result of its third
quarter dividend of $0.2225 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 Sept. 12,
2019, the conversion rate for the 2016 Convertible Notes of 17.5604
shares of CSG common stock for each $1,000 in principal amount of
the 2016 Convertible Notes (equivalent to a conversion price of
$56.95 per share of CSG common stock) has been adjusted to 17.5727
shares for each $1,000 in principal amount of 2016 Convertible
Notes (equivalent to a conversion price of approximately $56.91)
per share of CSG common stock, compared to the previous amount
prior to this adjustment of $56.95 per share.
About CSG
CSG is a provider of software and services that help companies
around the world monetize and digitally enable the customer
experience. For more than 35 years, CSG has simplified the
complexity of business, providing revenue management and digital
monetization, payments, and customer engagement solutions to help
our customers tackle any business challenge and thrive in an
ever-changing marketplace.
Operating across more than 120 countries worldwide, CSG manages
billions of critical customer interactions annually. CSG is the
trusted partner driving digital innovation for hundreds of leading
global brands, including AT&T, Charter Communications, Comcast,
DISH, Eastlink, Formula One, iflix, MTN and Telstra.
To learn more, visit our website at csgi.com and connect with us
on LinkedIn, Twitter and Facebook.
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Liz Bauer Investor Relations CSG +1 (303) 804-4065
Liz.bauer@csgi.com
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