ENGLEWOOD, Colo.--(BUSINESS WIRE)--
CSG
Systems International, Inc. (NASDAQ:
CSGS), the trusted global partner to launch and monetize digital
services, today announced that as a result of its fourth quarter
dividend of $0.1975 per share on its common stock, it will adjust the
conversion rate for its outstanding 4.25% Senior Convertible Notes
issued in March 2016 (the “2016 Convertible Notes”). The adjustments are
made in accordance with the terms of the Indenture Agreement.
CSG’s 2016 Convertible Notes (Unrestricted CUSIP Number 126349 AF6)
mature on March 15, 2036 and the original $230,000,000 aggregate
principal amount remains outstanding. Effective December 4, 2017, the
conversion rate for the 2016 Convertible Notes of 17.4809 shares of CSG
common stock for each $1,000 in principal amount of the 2016 Convertible
Notes (equivalent to a conversion price of $57.21 per share of CSG
common stock) has been adjusted to 17.4858 shares for each $1,000 in
principal amount of 2016 Convertible Notes (equivalent to a conversion
price of approximately $57.19 per share of CSG common stock, compared to
the previous amount prior to this adjustment of $57.21 per share).
About CSG International
CSG
International (NASDAQ: CSGS) is the trusted global partner to
help clients launch and monetize communications and entertainment
services in the digital age. Leveraging 35 years of experience and
expertise in voice, video, data and content services, CSG delivers
market-leading revenue management and customer interaction solutions in
licensed and managed service models. The company drives business
transformation initiatives for the majority of the top 100 global
communications service providers, including AT&T, Charter
Communications, Comcast, DISH, ESPN, Media-Saturn, Orange, Reliance,
SingTel Optus, Telefonica, Telstra, Vodafone, Vivo and Verizon. For more
information, visit our website at www.csgi.com.
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Source: CSG Systems International, Inc.