cash america intl inc (CSH) Snapshot

CASH AMERICA Presents at 8th Annual Underbanked Financial Services Forum, Jun-06-2013 02:25 PM. Venue: InterContinental Miami, 100 Chopin Plaza, Miami, FL 33131, United States. Speakers: Mary Jackson, Senior Vice President, Corporate Affairs & Chief Legislative Officer.

Cash America International, Inc. Presents at Stephens Spring Investment Conference, Jun-05-2013 01:00 PM. Venue: The New York Palace Hotel, New York, New York, United States.

Cash America International, Inc. announced that it completed the private offering of $300 million of its 5.75% Senior Notes due 2018. The Notes were sold to qualified institutional buyers in accordance with Rule 144A and outside the United States pursuant to Regulation S under the Securities Act of 1933, as amended (the "Securities Act"). Cash America intends to use a portion of the net proceeds from the Notes to repay existing indebtedness, including outstanding balances under its domestic and multi-currency line of credit, and the remaining net proceeds for general corporate purposes. The Notes have not been registered under the Securities Act or any state securities laws. Additionally, the Company announced that on May 10, 2013, it amended its Credit Agreement for its domestic and multi-currency line of credit and its $50 million term loan. The Credit Agreement, provided through a group of commercial banks, was amended primarily to extend the maturity date for the Revolving Credit Facility and term loan from March 31, 2015 to March 31, 2018. Previously, the Credit Agreement was set to reduce the maximum credit available to the Company under the Revolving Credit Facility from $380 million to $280 million on May 29, 2013. The amendment accelerated the expiration of this $100 million incremental credit commitment to the amendment date, and the maximum available under the Revolving Credit Facility is now $280 million. The amendment also adds an accordion feature whereby the Revolving Credit Facility may be increased up to an additional $100 million at the request of Cash America, subject to the consent of any increasing lenders. The amendment to the Credit Agreement did not alter the existing pricing of borrowings or any of the financial covenants. Cash America expects to repay the entire outstanding balance under the Revolving Credit Facility, approximately $202 million as of May 14, 2013, with a portion of the net proceeds of the Notes. The term loan portion of the Credit Agreement, originally $50 million, will remain outstanding with a current balance of approximately $39.6 million as of May 14, 2013.