HOUSTON, Aug. 17, 2005 (PRIMEZONE) -- Cardtronics, Inc., the world's largest independent owner/operator of ATMs, announced today that it has successfully completed the sale of $200 million in senior subordinated notes (the "Notes"). The Notes, which carry a 9 1/4% coupon and are due in August 2013, were sold to qualified institutional buyers pursuant to Rule 144A and certain institutions outside of the United States pursuant to Regulation S of the Securities Act of 1933, as amended (the "Act"). The offering was upsized from the $150 million offering size initially contemplated. Proceeds from the offering were utilized to repay existing bank indebtedness of the Company.
The Notes described above have not been registered under the Act and may not be offered or sold in the United States absent registration or pursuant to an applicable exemption from the registration requirements of the Act. This press release shall not constitute an offer to sell, the solicitation of an offer to buy any security, and it shall not constitute an offer, solicitation or sale in any jurisdiction in which such offering would be unlawful.
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