CSG (NASDAQ: CSGS), the trusted partner to simplify the complexity of business
transformation in the digital age, today announced that as a result
of its second quarter dividend of $0.2225 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 June 3, 2019, the
conversion rate for the 2016 Convertible Notes of 17.5457 shares of CSG
common stock for each $1,000 in principal amount of the 2016 Convertible
Notes (equivalent to a conversion price of $56.99 per share of CSG
common stock) has been adjusted to 17.5604 shares for each $1,000 in
principal amount of 2016 Convertible Notes (equivalent to a conversion
price of approximately $56.95 per share of CSG common stock, compared to
the previous amount prior to this adjustment of $56.99 per share).
About CSG
CSG is a provider of software and services that help companies around
the world monetize and digitally enable the customer experience. For
more than 35 years, CSG has simplified the complexity of business,
providing revenue management and digital monetization, payments, and
customer engagement solutions to help our customers tackle any business
challenge and thrive in an ever-changing marketplace.
Operating across more than 120 countries worldwide, CSG manages billions
of critical customer interactions annually. CSG is the trusted partner
driving digital innovation for hundreds of leading global brands,
including Arrow Electronics, AT&T, Charter Communications, Comcast,
DISH, Eastlink, Formula One, iflix, MTN and Telstra.
To learn more, visit our website at csgi.com
and connect with us on LinkedIn,
Twitter
and Facebook.
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