April 16, 2014 4:24 PM ET

Consumer Finance

Company Overview of CNG Holdings, Inc.

Company Overview

CNG Holdings, Inc. offers check cashing services. The Company provides payday loans, installment loans, check cashing, foreign currency exchange, new and used retail goods, money orders, money transfers, automobile title loans, pawn-broking, and other financial products and services. The Company operates in U.S. retail locations under the Check 'n Go brand and in the U.K. under the Cheque Centre and Cash Generator brands. The company was incorporated in 2006 and is based in Cincinnati, Ohio.

7755 Montgomery Road

Suite 400

Cincinnati, OH 45236-4291

United States

Founded in 2006

2,984 Employees

Phone:

513-229-6623

Fax:

513-229-3398

Key Executives for CNG Holdings, Inc.

CNG Holdings, Inc. does not have any Key Executives recorded.

CNG Holdings, Inc. Key Developments

CNG Holdings, Inc. Announces Successful Completion of its Consent Solicitation Relating to its Outstanding 9.375% Senior Secured Notes Due 2020

CNG Holdings, Inc. announced successful completion of its consent solicitation relating to its outstanding 9.375% Senior Secured Notes due 2020 (CUSIP Nos. 12612DAG1 and U17432AC6). Launched on July 31, 2013, the purpose of the Consent Solicitation was to obtain the necessary consents to proposed amendments to the indenture pursuant to which the notes were issued in order to permit the Company and its subsidiaries, WhyNot Leasing, LLC and WhyNot Lease SPV LLC, to enter into, deliver and perform their respective obligations under certain financing transactions which will provide the WNLI Subsidiaries with additional operating funds. The Consent Solicitation expired at 5:00 p.m. (New York City time) on August 7, 2013. As of the expiration of the Consent Solicitation, the company had received the consent of holders representing a majority in aggregate principal amount of the notes outstanding. Therefore, the proposed amendments were approved. The Company intends to settle the Consent Solicitation and execute a supplemental indenture as promptly as possible upon receipt of instructions from the information and tabulation agent.

CNG Holdings, Inc. Commences Consent Solicitation Relating to its Outstanding 9.375% Senior Secured Notes due 2020

CNG Holdings, Inc. announced that it has commenced a consent solicitation relating to its outstanding 9.375% Senior Secured Notes due 2020. The consent solicitation is being made to all persons in whose name a Senior Secured Note was registered at 5:00 p.m. (New York City time) on July 30, 2013 and their duly designated proxies. The company is seeking consents to proposed amendments to the indenture pursuant to which the notes were issued in order to permit the company and its subsidiaries, WhyNot Leasing, LLC and WhyNot Lease SPV LLC, to enter into, deliver and perform their respective obligations under certain financing transactions which will provide the WNLI Subsidiaries with additional operating funds. The consent solicitation will expire on August 7, 2013 unless extended. Beneficial holders who return their consent to the Proposed Amendments prior to the Consent Deadline will receive a consent fee of $2.50 for each $1,000 in principal amount of Senior Secured Notes for which consent has been delivered, upon the effectiveness of the Proposed Amendments and the consummation of the contemplated financing transactions, if the requisite consents are received.

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