{"id":393660,"date":"2020-12-04T13:03:19","date_gmt":"2020-12-04T18:03:19","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=393660"},"modified":"2020-12-04T13:03:19","modified_gmt":"2020-12-04T18:03:19","slug":"csg-systems-international-adjusts-convertible-debt-conversion-rate-for-2016-convertible-notes-as-a-result-of-dividend-4","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/csg-systems-international-adjusts-convertible-debt-conversion-rate-for-2016-convertible-notes-as-a-result-of-dividend-4\/","title":{"rendered":"CSG Systems International Adjusts Convertible Debt Conversion Rate for 2016 Convertible Notes as a Result of Dividend"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>CSG Systems International Adjusts Convertible Debt Conversion Rate for 2016 Convertible Notes as a Result of Dividend<\/b><\/p>\n<p>GREENWOOD VILLAGE, Colo.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nCSG\u00ae (NASDAQ: CSGS) today announced that as a result of its fourth quarter dividend of $0.235 per share on its common stock, it will adjust the conversion rate for its outstanding 4.25% Senior Convertible Notes issued in March 2016 (the \u201c2016 Convertible Notes\u201d). The adjustments are made in accordance with the terms of the Indenture Agreement.\n<\/p>\n<p>\nCSG\u2019s 2016 Convertible Notes (Unrestricted CUSIP Number 126349 AF6) mature on March 15, 2036 and the original $230,000,000 aggregate principal amount remains outstanding. Effective December 2, 2020, the conversion rate for the 2016 Convertible Notes has been adjusted to 17.6656 shares for each $1,000 in principal amount of 2016 Convertible Notes (equivalent to a conversion price of approximately $56.61) per share of CSG common stock.\n<\/p>\n<p><b>About CSG<\/b><\/p>\n<p>\nFor more than 35 years, CSG has simplified the complexity of business, delivering innovative customer engagement solutions that help companies acquire, monetize, engage and retain customers. Operating across more than 120 countries worldwide, CSG manages billions of critical customer interactions annually, and its award-winning suite of software and services allow companies across dozens of industries to tackle their biggest business challenges and thrive in an ever-changing marketplace. CSG is the trusted partner for driving digital innovation for hundreds of leading global brands, including AT&amp;T, Charter Communications, Comcast, DISH, Eastlink, Formula One, Maximus, MTN and Telstra. To learn more, visit our website at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.csgi.com&amp;esheet=52343155&amp;newsitemid=20201204005458&amp;lan=en-US&amp;anchor=csgi.com&amp;index=1&amp;md5=019bb43e086be6c5377fa39e5696b59f\">csgi.com<\/a> and connect with us on <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fcsg-%2F&amp;esheet=52343155&amp;newsitemid=20201204005458&amp;lan=en-US&amp;anchor=LinkedIn&amp;index=2&amp;md5=164ee6accedc136a65a4719d79cc3933\">LinkedIn<\/a>, and <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Ftwitter.com%2Fcsg_i&amp;esheet=52343155&amp;newsitemid=20201204005458&amp;lan=en-US&amp;anchor=Twitter&amp;index=3&amp;md5=db5ce01f6bc10e345780a120a22529ac\">Twitter<\/a>.\n<\/p>\n<p>\nCopyright \u00a9 2020 CSG Systems International, Inc. and\/or its affiliates (\u201cCSG\u201d). All rights reserved. CSG\u00ae is a registered trademark of CSG Systems International, Inc. All third-party trademarks, service marks, and\/or product names which are referenced in this document are the property of their respective owners, and all rights therein are reserved.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20201204005458r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20201204005458\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20201204005458\/en\/<\/a><\/span><\/p>\n<p>\nLiz Bauer<br \/>\n<br \/>Investor Relations<br \/>\n<br \/>CSG<br \/>\n<br \/>+1 (303) 804-4065<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:liz.bauer@csgi.com\">liz.bauer@csgi.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> Colorado United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Professional Services Marketing Communications Technology Other Professional Services Software<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\" \/>\n","protected":false},"excerpt":{"rendered":"<p>CSG Systems International Adjusts Convertible Debt Conversion Rate for 2016 Convertible Notes as a Result of Dividend GREENWOOD VILLAGE, Colo.&#8211;(BUSINESS WIRE)&#8211; CSG\u00ae (NASDAQ: CSGS) today announced that as a result of its fourth quarter dividend of $0.235 per share on its common stock, it will adjust the conversion rate for its outstanding 4.25% Senior Convertible Notes issued in March 2016 (the \u201c2016 Convertible Notes\u201d). The adjustments are made in accordance with the terms of the Indenture Agreement. CSG\u2019s 2016 Convertible Notes (Unrestricted CUSIP Number 126349 AF6) mature on March 15, 2036 and the original $230,000,000 aggregate principal amount remains outstanding. Effective December 2, 2020, the conversion rate for the 2016 Convertible Notes has been adjusted to 17.6656 shares for each &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/csg-systems-international-adjusts-convertible-debt-conversion-rate-for-2016-convertible-notes-as-a-result-of-dividend-4\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;CSG Systems International Adjusts Convertible Debt Conversion Rate for 2016 Convertible Notes as a Result of Dividend&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-393660","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>CSG Systems International Adjusts Convertible Debt Conversion Rate for 2016 Convertible Notes as a Result of Dividend - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/csg-systems-international-adjusts-convertible-debt-conversion-rate-for-2016-convertible-notes-as-a-result-of-dividend-4\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CSG Systems International Adjusts Convertible Debt Conversion Rate for 2016 Convertible Notes as a Result of Dividend - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"CSG Systems International Adjusts Convertible Debt Conversion Rate for 2016 Convertible Notes as a Result of Dividend GREENWOOD VILLAGE, Colo.&#8211;(BUSINESS WIRE)&#8211; CSG\u00ae (NASDAQ: CSGS) today announced that as a result of its fourth quarter dividend of $0.235 per share on its common stock, it will adjust the conversion rate for its outstanding 4.25% Senior Convertible Notes issued in March 2016 (the \u201c2016 Convertible Notes\u201d). The adjustments are made in accordance with the terms of the Indenture Agreement. CSG\u2019s 2016 Convertible Notes (Unrestricted CUSIP Number 126349 AF6) mature on March 15, 2036 and the original $230,000,000 aggregate principal amount remains outstanding. Effective December 2, 2020, the conversion rate for the 2016 Convertible Notes has been adjusted to 17.6656 shares for each &hellip; Continue reading &quot;CSG Systems International Adjusts Convertible Debt Conversion Rate for 2016 Convertible Notes as a Result of Dividend&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/csg-systems-international-adjusts-convertible-debt-conversion-rate-for-2016-convertible-notes-as-a-result-of-dividend-4\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-04T18:03:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20201204005458r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/csg-systems-international-adjusts-convertible-debt-conversion-rate-for-2016-convertible-notes-as-a-result-of-dividend-4\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/csg-systems-international-adjusts-convertible-debt-conversion-rate-for-2016-convertible-notes-as-a-result-of-dividend-4\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"CSG Systems International Adjusts Convertible Debt Conversion Rate for 2016 Convertible Notes as a Result of Dividend\",\"datePublished\":\"2020-12-04T18:03:19+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/csg-systems-international-adjusts-convertible-debt-conversion-rate-for-2016-convertible-notes-as-a-result-of-dividend-4\\\/\"},\"wordCount\":351,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/csg-systems-international-adjusts-convertible-debt-conversion-rate-for-2016-convertible-notes-as-a-result-of-dividend-4\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20201204005458r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/csg-systems-international-adjusts-convertible-debt-conversion-rate-for-2016-convertible-notes-as-a-result-of-dividend-4\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/csg-systems-international-adjusts-convertible-debt-conversion-rate-for-2016-convertible-notes-as-a-result-of-dividend-4\\\/\",\"name\":\"CSG Systems International Adjusts Convertible Debt Conversion Rate for 2016 Convertible Notes as a Result of Dividend - 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