CSG Systems International Announces Upsize and Pricing of $375 Million Private Offering of 3.875% Convertible Senior Notes
CSG Systems International, Inc. (
NASDAQ: CSGS) today announced the pricing of its private offering of $375.0 million aggregate principal amount of 3.875% Convertible Senior Notes due 2028 (the “notes”) to persons reasonably believed to be qualified institutional buyers in accordance with Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). CSG also granted the initial purchasers of the notes an option to purchase up to an additional $50.0 million aggregate principal amount of the notes, for settlement within a 13-day period beginning on, and including, the first date on which the notes are issued. The aggregate principal amount of the offering was increased from the previously announced offering size of $350.0 million. The offering is expected to close on September 11, 2023, subject to customary closing conditions.
CSG Systems International Announces Proposed Offering of Convertible Senior Notes
CSG Systems International, Inc. (
NASDAQ: CSGS) today announced it intends to offer, subject to market and other conditions, $350.0 million aggregate principal amount of Convertible Senior Notes due 2028 (the “notes”) in a private placement to persons reasonably believed to be qualified institutional buyers in accordance with Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). CSG also expects to grant the initial purchasers of the notes an option to purchase up to an additional $52.5 million aggregate principal amount of the notes, for settlement within a 13-day period beginning on, and including, the first date on which the notes are issued. The notes will be CSG’s senior unsecured obligations.
CSG Systems International Announces An Increase in Share Repurchase Authorization
CSG Systems International, Inc. (
NASDAQ: CSGS) today announced that its Board of Directors has increased the authorization under CSG’s existing Stock Repurchase Program by an additional $100 million. This new authorization was in part due to the fact that CSG expects to enter into privately negotiated transactions in connection with its offering of convertible senior notes to repurchase substantially all of the remaining shares authorized under the prior repurchase authorization.
CSG Systems International to Hold Fourth Quarter and Year-End 2022 Earnings Conference Call on February 1
CSG® (
NASDAQ: CSGS) invites you to participate in a conference call on Wednesday, February 1, 2023 at 5:00 p.m. ET to discuss the company's fourth quarter and year-end 2022 earnings results. The conference call will feature CSG president and chief executive officer Brian Shepherd and CSG chief financial officer Hai Tran.
