NCO Group, Inc. (NYSE:NCOG), a Fort Washington, Pa.-based provider of accounts receivable, collection and telemarketing services, said on Friday it sold $125 million of five-year convertible notes in the 144a private placement market.
Deutsche Banc Alex. Brown was the sole-lead manager for the sale, market sources said.
Borrower: Nco Group Inc.
AMT $125 MLN
COUPON 4.75 PCT
MATURITY 4/15/2006
CONV PRICE 32.92
CONV RATIO 30.3767
ACCR INT 4/4/2001
STRUCTURE SUB NTS
ISS PRICE 100
FIRST PAY DATE 10/15/2001
LAST MOODY’S N/A
YIELD 4.75 PCT
PAY FREQ SEMI-ANNUAL
LAST S&P N/A
CONV PREM 26 PCT
CALLABLE ON 4/22/2004*
*CALLABLE AFTER 4/22/2004 PROVIDED SHARE PRICE EXCEEDS 39.50 For 20 of 30 Consecutive Trading Days
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