CSG Systems lowers conversion price of 4.25% senior convertibles

New York, June 5 – CSG Systems International, Inc. lowered the conversion price for its 4.25% senior convertible notes due March 15, 2036, according to a news release.

Effective June 4, the price is $57.12, down from $57.16 previously.

The conversion rate is adjusted to 17.5057 from 17.4951.

CSG Systems made the change following the payment of a dividend of $0.21 per share for the second quarter.

All the $230 million of the convertibles originally issued in March 2016 remain outstanding, the company said.

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

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