Last $55.84 USD
Change Today -0.85 / -1.50%
Volume 1.4M
OUTR On Other Exchanges
Symbol
Exchange
NASDAQ GS
Frankfurt
As of 8:10 PM 07/9/14 All times are local (Market data is delayed by at least 15 minutes).

outerwall inc (OUTR) Snapshot

Open
$55.47
Previous Close
$56.69
Day High
$56.40
Day Low
$55.10
52 Week High
03/5/14 - $74.30
52 Week Low
09/17/13 - $46.25
Market Cap
1.1B
Average Volume 10 Days
757.7K
EPS TTM
$7.98
Shares Outstanding
20.4M
EX-Date
--
P/E TM
7.0x
Dividend
--
Dividend Yield
--
Current Stock Chart for OUTERWALL INC (OUTR)

outerwall inc (OUTR) Details

Outerwall Inc., through its subsidiaries, provides automated retail solutions primarily in the United States, Canada, Puerto Rico, Ireland, and the United Kingdom. Its Redbox segment owns and operates approximately 43,700 self-service Redbox kiosks in 35,800 locations that enable consumers to rent or purchase movies and video games, as well as purchase event tickets. The company’s Coin segment owns and operates approximately 20,300 self-service coin-counting kiosks in 20,100 locations, which enable consumers to convert their coin to cash, a gift card, or an E-certificate. Its New Ventures segment focuses on identifying, evaluating, building, and developing innovative self-service concepts in the automated retail space, which includes coffee, refurbished electronics, and photo self-service concepts. The company’s kiosks are located primarily in supermarkets, drug stores, mass merchants, financial institutions, convenience stores, and restaurants. The company was formerly known as Coinstar, Inc. and changed its name to Outerwall Inc. in June 2013. Outerwall Inc. was founded in 1989 and is headquartered in Bellevue, Washington.

2,900 Employees
Last Reported Date: 02/6/14
Founded in 1991

outerwall inc (OUTR) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $823.5K
Chief Financial Officer
Total Annual Compensation: $412.6K
Chief Legal Officer, General Counsel and Corp...
Total Annual Compensation: $421.9K
Chief Strategy, Sales & Services Officer
Total Annual Compensation: $398.1K
Compensation as of Fiscal Year 2013.

outerwall inc (OUTR) Key Developments

Outerwall Inc. Enters into the Third Amended and Restated Credit Agreement Providing for a Senior Secured Credit Facility

On June 24, 2014, Outerwall Inc. as borrower, entered into the Third Amended and Restated Credit Agreement providing for a senior secured credit facility with Bank of America, N.A., as administrative agent, swing line lender, and letter of credit issuer; Merrill Lynch, Pierce, Fenner & Smith Incorporated, HSBC Bank USA, National Association, RBC Capital Markets and U.S. Bank National Association, as joint lead arrangers and joint bookrunners; HSBC Bank USA, National Association, Royal Bank of Canada and U.S. Bank National Association, as syndication agents; The Bank of Tokyo-Mitsubishi UFJ Ltd. and Morgan Stanley Bank, N.A., as documentation agents; and the other lenders that are parties to the Amended and Restated Credit Agreement. The Amended and Restated Credit Agreement will amend and restate in its entirety the Second Amended and Restated Credit Agreement dated as of November 20, 2007 and amended and restated as of April 29, 2009 and as of July 15, 2011 and all amendments and restatements thereto. The credit facility provided under the Previous Credit Agreement will be replaced by the New Credit Facility. The New Credit Facility consists of a $150 million amortizing term loan and a $600 million revolving line of credit which includes a $75 million sublimit for the issuance of letters of credit, a $50 million sublimit for swingline loans and a $75 million sublimit for loans in certain foreign currencies available to the company and certain wholly owned company foreign subsidiaries. The company may, subject to applicable conditions and subject to obtaining commitments from lenders, request an increase in the Revolving Line of up to $200 million in aggregate. The increased credit available under the Accordion potentially provides the company with greater flexibility for future financing needs. The New Credit Facility consists of a $150 million amortizing term loan and a $600 million revolving line of credit which includes a $75 million sublimit for the issuance of letters of credit, a $50 million sublimit for swingline loans and a $75 million sublimit for loans in certain foreign currencies available to the company and certain wholly owned Company foreign subsidiaries. The company may, subject to applicable conditions and subject to obtaining commitments from lenders, request an increase in the Revolving Line of up to $200 million in aggregate. The increased credit available under the Accordion potentially provides the company with greater flexibility for future financing needs.

Outerwall Mulls Acquisitions

Outerwall Inc. (NasdaqGS:OUTR) is looking for acquisitions. Outerwall Inc. entered into the third amended and restated credit agreement providing for a senior secured credit facility consisting of a senior secured $600 million revolving line of credit that, under certain conditions, may be increased up to an additional $200 million in aggregate, and a senior secured $150 million amortizing term loan. The credit facility is expected to be used for working capital, capital expenditures, permitted acquisitions, stock repurchases and other payments, and other corporate purposes.

Outerwall Inc. Enters into an Indenture with U.S. Bank National Association

On June 9, 2014, Outerwall Inc. and certain subsidiaries of the company, as subsidiary guarantors, entered into an indenture with U.S. Bank National Association, as trustee, pursuant to which the company issued $300 million principal amount of 5.875% Senior Notes due 2021 and the Subsidiary Guarantors agreed to guarantee the Notes. The Notes and the Guarantees are general unsecured obligations and are effectively subordinated to all of the company's and Subsidiary Guarantors' existing and future secured debt to the extent of the collateral securing that secured debt. The Notes and Guarantees will rank equally to all of the company's and the Subsidiary Guarantors' other unsecured and unsubordinated indebtedness. In addition, the Notes will be effectively subordinated to all of the liabilities of the company's existing and future subsidiaries that are not guaranteeing the Notes. Interest on the Notes will be payable on June 15 and December 15 of each year, beginning on December 15, 2014, with the Notes maturing on June 15, 2021. The company may redeem any of the Notes beginning on June 15, 2017 at a redemption price of 104.406% of their principal amount plus accrued and unpaid interest (and additional interest, if any); then the redemption price for the Notes will be 102.938% of their principal amount plus accrued and unpaid interest (and additional interest, if any) for the twelve-month period beginning June 15, 2018; then the redemption price for the Notes will be 101.469% of their principal amount plus accrued and unpaid interest (and additional interest, if any) for the twelve-month period beginning June 15, 2019; and then the redemption price for the Notes will be 100% of their principal amount plus accrued interest and unpaid interest (and additional interest, if any) beginning on June 15, 2020. The company may also redeem some or all of the Notes before June 15, 2017 at a redemption price of 100% of the principal amount, plus accrued and unpaid interest (and additional interest, if any), to the redemption date, plus an applicable make-whole premium. In addition, before June 15, 2017, the company may redeem up to 35% of the aggregate principal amount of the Notes with the proceeds of certain equity offerings at 105.875% of their principal amount plus accrued and unpaid interest (and additional interest, if any); the company may make such redemption only if, after any such redemption, at least 65% of the aggregate principal amount of Notes originally issued remains outstanding.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
OUTR:US $55.84 USD -0.85

OUTR Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Comcast Corp $54.73 USD +1.42
DISH Network Corp $65.96 USD +0.80
MoneyGram International Inc $13.98 USD -0.23
Netflix Inc $443.00 USD -2.05
Western Union Co/The $17.39 USD +0.06
View Industry Companies
 

Industry Analysis

OUTR

Industry Average

Valuation OUTR Industry Range
Price/Earnings 7.6x
Price/Sales 0.6x
Price/Book 9.2x
Price/Cash Flow 3.0x
TEV/Sales NM Not Meaningful
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact OUTERWALL INC, please visit outerwall.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.