By Paul A. Harris
St. Louis, June 20 - Dollar Financial Corp. priced a $30 million add-on to its 9¾% senior notes due Nov. 15, 2011 (B3/B) at 102.0 in a quick-to-market transaction on Monday, according to an informed source.
The sale resulted in a 9.041% yield.
Credit Suisse First Boston ran the books for the Rule 144A transaction.
Proceeds will be used to repay bank debt.
The original $220 million issue was priced on Nov. 7, 2003.
The issuer is a Berwyn, Pa., franchisor of check-cashing stores.
| Issuer: | Dollar Financial Corp.
|
| Amount: | $30 million
|
| Maturity: | Nov. 15, 2011
|
| Security: | Add-on to the 9¾% senior notes
|
| Bookrunner: | Credit Suisse First Boston
|
| Coupon: | 9¾%
|
| Price: | 102.0
|
| Yield: | 9.041%
|
| 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%
|
| Trade date: | June 20
|
| Ratings: | Moody's: B3
|
| Standard & Poor's: B
|
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