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DFC Global Corp. said Nov. 15 that it intends to offer up to a total of $650 million of senior notes through units Dollar Financial UK Holding plc and National Money Mart Co.
The offer is subject to market conditions and other factors.
The company intends to issue these securities in a combination of British pound-denominated senior notes due 2020 of Dollar Financial UK and Canadian dollar-denominated senior notes due 2021 of National Money in a private offering. Both series of senior notes will be unconditionally guaranteed by DFC Global and substantially all of its U.S. and Canadian subsidiaries and certain of its U.K. subsidiaries. The senior notes should be eligible for resale under Rule 144A or Regulation S of the Securities Act of 1933.
Both series of senior notes will be unsecured, nonconvertible senior obligations of DFC Global and will pay interest semiannually. The allocation between the series of senior notes, interest rate and other terms will be determined by negotiations between the company and the initial purchasers of the senior notes.