HOUSTON, June 17, 2008 (PRIME NEWSWIRE) -- Cardtronics, Inc. (Nasdaq:CATM) announced today that it has commenced an exchange offer pursuant to which holders of its outstanding 9.250% Senior Subordinated Notes due 2013 -- Series B that were issued on July 20, 2007 in a private offering (the "Existing Notes") may exchange the Existing Notes for an equal amount of its 9.250% Senior Subordinated Notes due 2013 -- Series B that have been registered under the Securities Act of 1933 (the "Exchange Notes"). At the time of issuance of the Existing Notes in July 2007, Cardtronics agreed to offer to exchange them for registered notes. This exchange offer satisfies that requirement.
The form and terms of the Exchange Notes are substantially the same as the form and terms of the Existing Notes. The primary difference is that the Exchange Notes have been registered under the Securities Act of 1933 and, therefore, will not bear legends restricting their transfer. The Exchange Notes evidence the same debt as the Existing Notes they replace and will be issued under and will be entitled to the benefits of the indenture that governs the Existing Notes.
The exchange offer will expire at midnight New York City time on July 16, 2008, unless extended by Cardtronics in its sole discretion. A prospectus dated June 17, 2008 relating to the exchange offer and setting forth the terms of the Exchange Notes is being mailed to record holders of the Existing Notes.
The Exchange Agent for the exchange offer is Wells Fargo Bank, N.A., Corporate Trust Operations, Sixth and Marquette, MAC N9303-121, Minneapolis, Minnesota 55479. Eligible institutions may make requests by facsimile at (612) 667-6282.
This press release shall not constitute an offer to purchase or exchange nor the solicitation of an offer to exchange any securities.
About Cardtronics, Inc.
Headquartered in Houston, Texas, Cardtronics (Nasdaq:CATM) is the world's largest operator of ATMs. Cardtronics operates over 32,600 ATMs across its portfolio with ATMs in every major U.S. market, 2,350 ATMs throughout the United Kingdom, and 1,425 ATMs in Mexico. Major merchant-clients include 7-Eleven(r), Chevron(r), Costco(r), CVS(r)/pharmacy, Duane Reade(r), ExxonMobil(r), Rite Aid(r), Safeway(r), Sunoco(r), Target(r), and Walgreens(r). Complementing its ATM operations, Cardtronics works with financial institutions of all sizes to provide their customers with convenient cash access and deposit capabilities through ATM branding, surcharge free programs, and image deposit. Over 9,500 Cardtronics owned and operated ATMs currently feature bank brands. For more information, please visit the Company's website at www.cardtronics.com.
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