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Published on 5/3/2004 in the Prospect News High Yield Daily.

New Issue: Dollar Financial prices $21.2 million proceeds add-on to 9¾% notes due 2011 at 106

By Paul A. Harris

St. Louis, May 3 - Dollar Financial Group Inc. priced a $20 million face amount add-on Monday to its senior notes due Nov. 15, 2011 (B3/B) at 106 with a 9¾% coupon for an 8.37% yield to worst. The sale generated $21.2 million of proceeds.

Credit Suisse First Boston ran the books on the Rule 144A/Regulation S issue.

Proceeds will be used to take out about $20 million of holding company notes.

The original $220 million issue priced at par on Nov. 7, 2003.

The issuer is a Berwyn, Pa., franchisor of check cashing stores.

Issuer:Dollar Financial Group Inc.
Face amount:$20 million
Proceeds:$21.2 million
Security description:Add-on to the senior notes due Nov. 15, 2011
Maturity:Nov. 15, 2011
Bookrunner:Credit Suisse First Boston
Coupon:9¾%
Price:106
Yield to worst:8.37%
Spread:467 basis points
Call features:Callable after Nov. 15, 2007 at 104.875, 102.438, par on Nov. 15, 2009 and thereafter
Equity clawback:Until Nov. 15, 2006 at 109.75 for up to 35%
Pricing date:May 3
Settlement date:May 6
Ratings:Moody's: B3
Standard & Poor's: B

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