ALLIANCE DATA SYSTEMS CORPORATION (NYSE:ADS) Files An 8-K Termination of a Material Definitive AgreementItem 1.02 Termination of a Material Definitive Agreement.
ALLIANCE DATA SYSTEMS CORPORATION (NYSE:ADS) Files An 8-K Termination of a Material Definitive Agreement
As previously disclosed, on February 23, 2018, Alliance Data Systems Corporation ("Alliance Data") issued a redemption notice to the indenture governing its 6.375% senior notes due April 1, 2020 (the "Senior Notes due 2020") to redeem all of the outstanding Senior Notes due 2020. As of March 31, 2018, Alliance Data had $500.0 million aggregate principal amount of Senior Notes due 2020 outstanding.
On April 2, 2018 (the "Redemption Date"), Alliance Data deposited sufficient funds with Wells Fargo Bank, N.A. (the "Trustee") to redeem all of the outstanding Senior Notes due 2020 at a redemption price of 100.000% of the principal amount thereof plus accrued and unpaid interest on the Senior Notes due 2020 redeemed, to the Redemption Date (the "Redemption Price"). On the Redemption Date, the Redemption Price was paid to the holders of the Senior Notes due 2020 and the indenture governing the Senior Notes due 2020 was satisfied and discharged. Alliance Data funded the Redemption Price with borrowings under its revolving credit facility.
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.
