Cash America International Inc: Key Developments
Cash America International, Inc. Issues Q4 2009 EPS Guidance In Line With Analysts' Estimates; Narrows FY 2009 EPS Guidance; Issues FY 2010 EPS Guidance Above Analysts' Estimates
October 22, 2009 |
| Cash America International, Inc. announced that for the fourth quarter of 2009, it expects net income per share (EPS) will be between $0.94 and $1.02 per share. The Company also modified its fiscal 2009 EPS guidance to a range of between $3.00 and $3.08. For fiscal 2010, it expects EPS will be between $3.45 to $3.60. According to Reuters Estimates, analysts are expecting the Company to report EPS of $0.96 for the fourth quarter of 2009; EPS of $3.02 for fiscal 2009; EPS of $3.39 for fiscal 2010. |
Cash America International, Inc. Declares Dividend
July 23, 2009 |
| Cash America International, Inc. announced that it has declared a $0.035 (3.5 cents) per share cash dividend on common stock outstanding. The dividend will be paid at the close of business on August 19, 2009 to shareholders of record on August 5, 2009. |
Cash America International, Inc. Issues Q3, FY 2009 EPS Guidance In Line With Analysts' Estimates
July 23, 2009 |
| Cash America International, Inc. announced that for the third quarter of 2009, it expects net income per share to be between $0.70 and $0.75 per share (EPS). The Company also modified its fiscal 2009 guidance to a range of between $3.00 and $3.15 per share. According to Reuters Estimates, analysts are expecting the Company to report EPS of $0.75 for the third quarter of 2009; EPS of $3.03 for fiscal 2009. |
Cash America International, Inc. Announces Closing And Exercise Of Over Allotment Option In Convertible Senior Note Offering
May 20, 2009 |
| Cash America International, Inc. announced that it has completed its previously announced private offering of $115 million aggregate principal amount of its 5.25% Convertible Senior Notes due 2029, which includes its offering of $100 million aggregate principal amount of its notes and an additional $15 million aggregate principal amount of its notes that were sold pursuant to the exercise of an over-allotment option by the initial purchasers. The notes were sold to certain qualified institutional buyers. The net proceeds from the offering, after deducting the initial purchasers discount and the estimated offering expenses payable by Cash America, were approximately $110.5 million. The notes are senior unsecured obligations of Cash America. Cash America intends to use a portion of the net proceeds of the offering to repay existing indebtedness, including outstanding balances under its revolving credit facility. Any remaining portions will be used for general corporate purposes. |
Cash America International, Inc. Announces Proposed Convertible Senior Note Offering
May 12, 2009 |
| Cash America International, Inc. announced its intention to offer, subject to market and other conditions, up to $100 million principal amount of convertible senior notes due 2029 in a private offering to qualified institutional buyers pursuant to Rule 144A of the U.S. Securities Act of 1933, as amended. Cash America also expects to grant a 30 day option to the initial purchasers of the notes to purchase up to an additional $15 million principal amount of additional notes solely to cover over allotments, if any. The notes will be convertible in certain circumstances, based upon a conversion rate, into either, at Cash America's election: (i) shares of common stock or (ii) cash up to their principal amount and shares of its common stock in respect of the remainder, if any, of the conversion value in excess of the principal amount. Holders of the notes will have the right to require Cash America to repurchase for cash all or some of their notes on specified dates. Cash America may redeem the notes on or after May 15, 2014. The interest rate, conversion rate, conversion price and other terms of the notes will be determined at the time of the pricing of the offering. The notes will be senior unsecured obligations of Cash America. Cash America intends to use a portion of the net proceeds of the offering to repay existing indebtedness including outstanding balances under its revolving credit facility. Any remaining portions would be used for general corporate purposes. |
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