(NewsDirect)
CSG ® (NASDAQ: CSGS) todayannounced that as a result of its fourth quarter dividend of $0.25 pershare on its common stock, it will adjust the conversion rate for itsoutstanding 4.25% Senior Convertible Notes issued in March 2016 (the“2016 Convertible Notes”). The adjustments are made in accordancewith the terms of the Indenture Agreement.
CSG’s 2016 ConvertibleNotes (Unrestricted CUSIP Number 126349 AF6) mature on March 15, 2036and the original $230,000,000 aggregate principal amount remainsoutstanding. Effective December 2, 2021, the conversion rate for the2016 Convertible Notes has been adjusted to 17.7621 shares for each$1,000 in principal amount of 2016 Convertible Notes (equivalent to aconversion price of approximately $56.30) per share of CSG commonstock.
About CSG
CSG is a leader ininnovative customer engagement, revenue management and paymentssolutions that make ordinary customer experiences extraordinary. Ourcloud-first architecture and customer-obsessed mindset help companiesaround the world launch new digital services, expand into new markets,and create dynamic experiences that capture new customers and buildbrand loyalty. For nearly 40 years, CSG’s technologies and peoplehave helped some of the world’s most recognizable brands solve theirtoughest business challenges and evolve to meet the demands oftoday’s digital economy with future-ready solutions that driveexceptional customer experiences. With 5,000 employees in over 20countries, CSG is the trusted technology provider for leading globalbrands in telecommunications, retail, financial services andhealthcare. Our solutions deliver real world outcomes to more than 900customers in over 120 countries. To learn more, visit us at csgi.com and connect with us on and .
Copyright © 2021 CSGSystems International, Inc. and/or its affiliates (“CSG”). Allrights reserved. CSG® is a registered trademark of CSG SystemsInternational, Inc. All third-party trademarks, service marks, and/orproduct names which are referenced in this document are the propertyof their respective owners, and all rights therein are reserved.
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