HOUSTON, Dec. 14, 2007 (PRIME NEWSWIRE) -- Cardtronics, Inc. (Nasdaq:CATM), the world's largest operator of ATMs, today announced the closing of its initial public offering of 12,000,000 shares of its common stock at a price of $10.00 per share. The shares are traded on The NASDAQ Global Market under the ticker symbol "CATM". The net proceeds to Cardtronics from the offering were approximately $110.1 million and will be used to pay down existing debt.
Deutsche Bank Securities Inc., William Blair & Company, L.L.C. and Banc of America Securities LLC acted as joint book-running managers of the offering. J.P. Morgan Securities, Inc., Piper Jaffray & Co. and RBC Capital Markets Corporation acted as co-managers of the offering.
In addition to the 12,000,000 shares of common stock sold by Cardtronics, certain stockholders have granted the underwriters a 30-day option to purchase up to an additional 1,800,000 shares of common stock at the initial public offering price less the underwriting discount to cover over-allotments, if any. Cardtronics will not receive any proceeds from the sale of common stock by the selling stockholders in the event the over-allotment option is exercised.
A registration statement relating to these securities has been declared effective by the United States Securities and Exchange Commission. This press release shall not constitute an offer to sell or constitute a solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. A copy of the final prospectus relating to the offering may be obtained from Deutsche Bank Securities Inc., Attention: Prospectus Department, 100 Plaza One, Jersey City, New Jersey 07311, by telephone at 800-503-4611 or by e-mailing prospectusrequest@list.db.com; William Blair & Company, L.L.C., 222 West Adams Street, Chicago, Illinois 60606, by telephone at 800-621-0687 (x8835); or Banc of America Securities LLC, Capital Markets Operations, 100 West 33rd Street, 3rd Floor, New York, NY 10001, by telephone at 800-294-1322, or by e-mailing dg.prospectus_distribution@bofasecurities.com.
About Cardtronics, Inc.
Headquartered in Houston, Texas, Cardtronics is the world's largest operator of ATMs with over 31,600 locations. Cardtronics has a nationwide U.S. network of more than 28,600 ATMs operating in every major market and all 50 states, as well as over 2,000 ATMs throughout the U.K. and over 1,000 ATMs in Mexico.
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