Attached files
file | filename |
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8-K - FORM 8-K - DFC GLOBAL CORP. | w82333e8vk.htm |
EX-1.1 - EX-1.1 - DFC GLOBAL CORP. | w82333exv1w1.htm |
EX-5.1 - EX-5.1 - DFC GLOBAL CORP. | w82333exv5w1.htm |
EX-99.2 - EX-99.2 - DFC GLOBAL CORP. | w82333exv99w2.htm |
Exhibit 99.1
NEWS RELEASE
Contact: Dollar Financial Corp.
Financial Dynamics
Julie Prozeller (212) 850-5600
Financial Dynamics
Julie Prozeller (212) 850-5600
FOR IMMEDIATE RELEASE
DOLLAR FINANCIAL CORP. ANNOUNCES LAUNCH OF COMMON STOCK OFFERING
BERWYN, Pennsylvania., April 5, 2011 Dollar Financial Corp. (NASDAQ:DLLR) today announced that it
has commenced an underwritten public offering, subject to market and other conditions, of 5,000,000
shares of its common stock. The Company also intends to grant to the underwriters a 30-day option
to purchase up to an additional 750,000 shares of common stock to cover over-allotments, if any.
Credit Suisse Securities (USA) LLC and Nomura Securities International, Inc. are serving as joint
book-running managers for the offering.
The Company intends to loan the net proceeds of this offering to Dollar Financial U.K. Limited, one
of its wholly-owned subsidiaries, to enable it to repay a portion of the amounts it initially
borrowed under the Companys global revolving credit facility in connection with the closing of the
acquisition of Purpose U.K. Holdings Limited (MEM).
The offering will be made pursuant to the Companys existing shelf registration statement
previously filed with and subsequently declared effective by the Securities and Exchange
Commission.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy any
of the securities described herein, nor shall there be any offer, solicitation or sale of these
securities in any state or jurisdiction in which such offer, solicitation or sale would be
unlawful. The offering of these securities will be made only by means of a prospectus and a related
prospectus supplement, copies of which may be obtained from Credit Suisse Securities (USA) LLC, by
mail at Attention: Prospectus Department, One Madison Avenue, New York, NY 10010 or by telephone at
(800) 221-1037, or Nomura Securities International, Inc., by mail at Attention: Equity Syndicate
Department, 2 World Financial Center, New York, NY 10281 or by telephone at (212) 667-9000.
About Dollar Financial Corp.
Dollar Financial Corp. is a leading international diversified financial services company primarily
serving unbanked and under-banked consumers and small business owners for over 30 years. Through
its retail storefront locations as well as by other means, such as via the Internet, the Company
provides a range of consumer financial products and services in seven countries (Canada, the United
Kingdom, the United States, the Republic of Ireland, Sweden, Finland and
Poland) to consumers who, for reasons of convenience and accessibility, purchase some or all of
their financial services from the Company rather than from banks and other financial institutions.
The Companys products, principally its short-term consumer loans, check cashing services, secured
pawn loans and gold buying services, provide customers with immediate access to cash for living
expenses or other episodic needs. The Company also offers high-value ancillary services, including
Western Union money order and money transfer products, electronic tax filing, reloadable
VISA(R) and MasterCard(R) debit cards, foreign currency exchange, and other
services. In addition, through its branded Military Installment Loan and Education Services, or
MILES(R) program, the Company provides fee based services to enlisted military personnel
applying for loans to purchase new and used vehicles that are funded and serviced under an
exclusive agreement with a major third-party national bank.
At December 31, 2010, the Companys global retail operations consisted of 1,226 locations,
including 1,126 company-operated financial services stores and 100 franchised and agent locations,
conducting business primarily under the names Money Mart(R), Money Shop(R),
Insta-Cheques(R), The Check Cashing Store(R), Sefina(R) and
MoneyNow(R) in Canada, the United Kingdom, the United States, the Republic of Ireland,
Sweden, Finland and Poland. For more information, please visit the Companys website at
www.dfg.com.
Forward Looking Statement
Statements in this press release that are not historical facts, including, without limitation,
statements regarding the proposed public offering and our expected use of proceeds, are
forward-looking statements that involve risks, uncertainties and other important factors,
including, without limitation, the risk that adverse events could cause the cessation or delay of
the proposed offering or the risk that we will be unable to apply the proceeds of the shares being
sold by us in the offering as presently intended. No assurance can be given that the offering
discussed above will be consummated on the terms described or at all, or that the net proceeds of
the offering will be used as indicated. For a discussion of risks, uncertainties and important
factors, any of which could cause our actual results to differ from those contained in the
forward-looking statements, see the section entitled Risk Factors in our Annual Report on Form
10-K for the fiscal year ended June 30, 2010 filed with the Securities and Exchange Commission and
discussions of potential risks, uncertainties and other important factors in our subsequent filings
with the Securities and Exchange Commission. You should not place any undue reliance on any
forward-looking statements. The Company disclaims any obligation to update any such factors or to
publicly announce results of any revisions to any of the forward-looking statements contained
herein to reflect future events or developments.