|
NCO Group Completes Exchange Offer
HORSHAM, PA, 08/23/2007
- NCO Group, Inc. (“NCO” or the “Company”), a leading provider of business
process outsourcing services, announced today that it has completed its offer to
the holders of its Floating Rate Senior Notes due 2013 (CUSIP No. 144A: 628858
AE 2, ISIN No. 144A: US628858AE21; CUSIP No. REG S: U6376M AB 7, ISIN No. REG S:
USU6376MAB73) and its 11.875% Senior Subordinated Notes due 2014 (CUSIP No.
144A: 628858 AF 9, ISIN No. 144A: US628858AF95; CUSIP No. Reg. S: U6376M AC 5,
ISIN No. Reg. S: USU6376MAC56) (collectively, the “Outstanding Notes”) to
exchange the Outstanding Notes for like principal amount of its $165.0 million
principal amount Floating Rate Senior Notes due 2013 and its $200.0 million
principal amount 11.875% Senior Subordinated Notes due 2014, which have been
registered under the Securities Act of 1933, as amended (collectively, the
“Exchange Notes”). The Outstanding Notes were sold in a private placement by the
Company, which was completed in November 2006. The Company was required to carry
out the Exchange Offer under the terms of agreements entered into in the private
placement.
The Exchange Offer expired at 5:00 p.m. (Eastern Daylight Time) on August 15,
2007. Based on information provided by the exchange agent, The Bank of New York,
$163,805,000 in aggregate principal amount of the Floating Rate Senior Notes due
2013 and $200,000,000 in aggregate principal amount of the 11.875% Senior
Subordinated Notes due 2014 were validly tendered and not withdrawn pursuant to
the Exchange Offer. NCO has accepted for exchange all of the validly tendered
and not withdrawn Outstanding Notes. NCO intends to issue the Exchange Notes for
all such exchanged Outstanding Notes as soon as practicable.
This press release is for informational purposes only and is not intended to
serve as a solicitation to buy securities or an offer to sell securities. The
Exchange Offer was made, and the Exchange Notes have been offered, solely
pursuant to the Prospectus dated July 17, 2007, including Supplement No. 1 to
the Prospectus dated August 15, 2007, and the related Letter of Transmittal
which more fully set forth the terms of the Exchange Offer. You should rely only
on the information contained in the Prospectus. The Company has not authorized
any person to provide information other than as set forth in the Prospectus.
Holders of the Outstanding Notes may obtain further information by calling The
Bank of New York at 212-815-5098, or by facsimile at 212-298-1915.
About NCO Group, Inc.
NCO Group, Inc. is a global provider of business process outsourcing
services, primarily focused on accounts receivable management and customer
relationship management. NCO provides services through over 100 offices in the
United States, Canada, the Philippines, Panama, the Caribbean, India, the United
Kingdom and Australia.
For further information contact: NCO Investor
Relations
(215) 441-3000
|