ALLIANCE DATA SYSTEMS CORPORATION (NYSE:ADS) Files An 8-K Termination of a Material Definitive Agreement

Alliance Data Systems Corporation (“Alliance Data”) issued a redemption notice to the indenture (the “2022 Indenture”) governing its 5.375% senior notes due August 1, 2022 (the “Senior Notes due 2022”) to redeem all of the outstanding Senior Notes due 2022. As of June 30, 2019, Alliance Data had $600.0 million aggregate principal amount of Senior Notes due 2022 outstanding. On July 19, 2019, Alliance Data deposited sufficient funds with the trustee under the 2022 Indenture to redeem all of the outstanding Senior Notes due 2022 on August 1, 2019 (the “Redemption Date”) at a redemption price of 101.344% of the principal amount thereof, plus accrued and unpaid interest to the Redemption Date (the “Redemption Price”). On the date of the deposit of the Redemption Price, the 2022 Indenture was satisfied and discharged. On the Redemption Date, the Redemption Price will be paid to the holders of the Senior Notes due 2022. Alliance Data funded the Redemption Price with proceeds from completion of the sale of its former Epsilon^® business to Publicis Groupe, S.A.

Item 8.01 Other Events

On July 19, 2019, the Company issued a press release announcing the commencement of a tender offer to acquire up to $750 million in aggregate purchase price of its issued and outstanding common stock through a modified “dutch auction” tender offer at a price not greater than $162.00 nor less than $144.00 per Share, to the seller in cash, less any applicable withholding taxes and without interest, upon the terms and subject to the conditions described in the Offer to Purchase dated July 19, 2019 and in the related Letter of Transmittal (which together, as they may be amended or supplemented from time to time, constitute the “Offer”), is scheduled to expire one minute after 11:59 P.M. New York City Time, on Thursday, August 15, 2019, unless the Offer is extended.

A copy of the press release is furnished as Exhibit 99.1 and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

ALLIANCE DATA SYSTEMS CORP Exhibit
EX-99.1 2 exhibit_99-1.htm EXHIBIT 99.1  NEWS RELEASE FOR IMMEDIATE RELEASE COLUMBUS,…
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About ALLIANCE DATA SYSTEMS CORPORATION (NYSE:ADS)

Alliance Data Systems Corporation is a provider of data-driven marketing and loyalty solutions serving consumer-based businesses in a range of industries. The Company offers a portfolio of integrated outsourced marketing solutions, including customer loyalty programs, database marketing services, end-to-end marketing services, analytics and creative services, direct marketing services, and private label and co-brand retail credit card programs. The Company operates through three segments: LoyaltyOne, which provides coalition and short-term loyalty programs through the Company’s Canadian AIR MILES Reward Program and BrandLoyalty; Epsilon, which provides end-to-end, integrated marketing solutions, and Card Services, which provides risk management solutions, account origination, funding, transaction processing, customer care, collections and marketing services for the Company’s private label and co-brand retail credit card programs.