HOUSTON, Aug. 26, 2010 (GLOBE NEWSWIRE) -- Cardtronics, Inc. (Nasdaq:CATM), the world's largest non-bank owner of ATMs, announced today that it has initiated a full redemption for the outstanding balance of its 9.25% Senior Subordinated Notes -- Series A due 2013 (the "Series A Notes"). The Series A Notes will be redeemed on September 27, 2010, at a redemption price of 102.313% of the principal amount thereof, plus accrued and unpaid interest to September 27, 2010. The Notice of Redemption for the Series A Notes was sent to all registered holders on August 26, 2010.
The redemption of the Series A Notes will be funded by proceeds from the Company's public offering of $200 million of 8.25% senior subordinated notes due 2018, which closed today.
This press release shall not constitute a notice of redemption of the Series A Notes.
ABOUT CARDTRONICS
Cardtronics, headquartered in Houston, Texas, provides automated consumer financial services through its network of ATMs and multi-function financial services kiosks throughout the United States, the United Kingdom and Mexico.
The Cardtronics logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=991
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
Certain statements in this press release are forward-looking and are based upon Cardtronics' current belief as to the outcome and timing of future events. All statements, other than statements of historical facts, that address activities that Cardtronics plans, expects, believes, projects, estimates or anticipates will, should or may occur in the future, including future capital expenditures and future financial or operating results, are forward-looking statements. Important factors that could cause actual results to differ materially from those in the forward-looking statements herein include the timing and extent of changes in operating risks, liquidity risks, legislative developments and other risk factors and known trends and uncertainties as described in Cardtronics' Annual Report on Form 10-K and Quarterly Reports on Form 10-Q as filed with the SEC. Should one or more of these risks or uncertainties occur, or should underlying assumptions prove incorrect, Cardtronics' actual results and plans could differ materially from those expressed in the forward-looking statements. Cardtronics undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results over time.