Business News • MarketWire • CompuCredit Holdings Corporation Announces Waiver of Minimum Tender Condition and Extension of Tender Offer to Purchase up to $160,000,000 Aggregate Principal Amount of Its Outstanding 3.625% Convertible Senior Notes Due 2025 and 5.875% Convertible Senior Notes Due 2035 |
CompuCredit Holdings Corporation Announces Waiver of Minimum Tender Condition and Extension of Tender Offer to Purchase up to $160,000,000 Aggregate Principal Amount of Its Outstanding 3.625% Convertible Senior Notes Due 2025 and 5.875% Convertible Senior Notes Due 2035 |
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CompuCredit Holdings Corporation Announces Waiver of Minimum Tender Condition and Extension of Tender Offer to Purchase up to $160,000,000 Aggregate Principal Amount of Its Outstanding 3.625% Convertible Senior Notes Due 2025 and 5.875% Convertible Senior Notes Due 2035
ATLANTA, GA--(Marketwire - February 26, 2010) - CompuCredit Holdings Corporation (NASDAQ: CCRT) ("CompuCredit") today announced that it has waived the minimum tender condition and extended the expiration date of its tender offer to purchase up to $160.0 million aggregate principal amount of its outstanding 3.625% Convertible Senior Notes due 2025 (the "2025 Notes") and its outstanding 5.875% Convertible Senior Notes due 2035 (the "2035 Notes" and, together with the 2025 Notes, the "Notes"). Previously, acceptance for payment of any Notes in the tender offer was conditioned upon the valid tender (without proper withdrawal) of a minimum of $80 million in aggregate principal amount of 2025 Notes. The tender offer, which commenced on January 28, 2010 and was previously scheduled to expire at 11:59 p.m., New York City time, on February 25, 2010, will now expire at 11:59 p.m., New York City time, o
View More : http://www.marketwire.com/mw/release.do?id=1123015&sourceType=3
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