Cash America International Completes Notes Sale
Stock quotes in this article:
CSH
FORT WORTH, Texas (AP) — Cash America International Inc., a pawn shop operator, said Wednesday it completed the sale of $115 million in senior convertible notes.
The unsecured notes, which were sold in a private offering, carry a 5.25 percent interest rate and are due in 2029. Cash America said it plans to use the proceeds of notes to repay existing debt, including outstanding balances under its revolving credit facility. Any remaining cash will be used for general corporate purposes.- Loading Comments...
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