HOUSTON, July 28, 2014 (GLOBE NEWSWIRE) -- Cardtronics, Inc. (Nasdaq:CATM), the world's largest retail ATM owner, announced today that, according to D.F. King & Co., Inc., it had received, as of 5:00 p.m., New York City time on July 25, 2014 (the "Consent Expiration"), tenders and consents from the holders of approximately $64 million in principal amount of its 8.250% senior subordinated notes due 2018 (CUSIP No. 14161HAE4) (the "Notes") pursuant to its previously announced cash tender offer (the "Offer") for any and all of the outstanding $179,442,000 principal amount of the Notes. In connection with the Offer, Cardtronics also solicited consents to certain proposed amendments to the indenture governing the Notes, but insufficient consents were received to effect the amendments, and Cardtronics has waived this condition to its Offer.
Subject to closing Cardtronics' pending private offering of senior notes later today and the satisfaction or waiver of the remaining conditions to the Offer, holders whose Notes were tendered prior to the Consent Expiration and accepted for purchase will receive the "Total Consideration" on an initial settlement date, which is also expected to be July 28, 2014. The Total Consideration for each $1,000 principal amount of Notes tendered and not withdrawn prior to the Consent Expiration is $1,046.25.
Notes tendered prior to the Consent Expiration may no longer be withdrawn.The Offer is scheduled to expire at 11:59 p.m., New York City time, on August 8, 2014, unless extended or earlier terminated (the "Expiration Time"). Holders tendering their Notes after the Consent Expiration and prior to the Expiration Time will be eligible to receive only the "Tender Offer Consideration," which is $1,016.25 for each $1,000 principal amount of Notes and does not include a consent payment, on the final settlement date, which is expected to be August 11, 2014.