Ace Cash to price $45 million tap of 10¼% notes due 2014 on Thursday

By Paul A. Harris

St. Louis, Oct. 31 - Ace Cash Express Inc. plans to price a $45 million add-on to its 10¼% senior notes due Oct. 1, 2014 (existing ratings Caa1/B-) on Thursday, according to market sources.

Bear Stearns & Co. is the bookrunner.

The notes become callable on Oct. 1, 2010 at 105.125.

The original $175 million issue priced at par on Sept. 26, 2006.

Ace Cash is a Dallas-based provider of retail check-cashing services.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.