Cash America Prices $100M In Senior Notes
Stock quotes in this article:
CSH
FORT WORTH, Texas (AP) — Pawn shop operator Cash America International Inc. on Thursday priced $100 million in convertible senior notes at their full principal amount.
The notes, with an interest rate of 5.25 percent, are due in 2029. The company will use the proceeds to repay existing debt, including its revolving credit. Cash America will also grant the initial purchasers the right to buy an additional $15 million in notes to cover over-allotments. Shares of the Fort Worth, Texas-based company closed Wednesday at $20. They have traded in a 52-week range of $11.60 to $45.21.- Loading Comments...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,390.11 | 1,103.25 | 2,189.61 | 34.48 |
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