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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) today announced that as a result of its first quarter dividend of $0.235 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 March 5, 2020, the conversion rate for the 2016 Convertible Notes has been adjusted to 17.6036 shares for each $1,000 in principal amount of 2016 Convertible Notes (equivalent to a conversion price of approximately $56.81) per share of CSG common stock.About CSGFor more than 35 years, CSG has simplified the complexity of business, delivering innovative customer engagement solutions that help companies acquire, monetize, eng Show less Read more
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