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Stock impact report

CSG Systems International Adjusts Convertible Debt Conversion Rate for 2016 Convertible Notes as a Result of Dividend

CSG Systems International, Inc. (CSGS) 
Last csg systems international, inc. earnings: 2/5 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.csgi.com
Company Research Source: Business Wire
GREENWOOD VILLAGE, Colo.--(BUSINESS WIRE)-- 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 bee Show less Read more
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