CSG Systems trims conversion price of 4.25% senior bonds due 2036

By Wendy Van Sickle

Columbus, Ohio, March 13 – CSG Systems International, Inc. said it reduced the conversion price of its $230 million principal amount of outstanding 4.25% senior convertible notes due March 15, 2036.

The conversion rate was adjusted to 17.4951 shares for each $1,000 principal amount, or a conversion price of $57.16 per share of CSG common stock, effective March 13.

The rate was adjusted from 17.4858 shares per $1,000 principal amount, which is a conversion price of $57.19 per share.

The change was due to the company’s first-quarter dividend of $0.21 per share, according to a company announcement.

CSG is an Englewood, Colo., provider of revenue management and customer interaction services to communications service providers.

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