NCO Group, Inc., a leading provider of BPO and ARM services, announced Wednesday that it has commenced an offer to the holders of its Floating Rate Senior Notes due 2013 and its 11.875% Senior Subordinated Notes due 2014 to exchange the 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.
The outstanding notes were sold in a private placement by the company, which was completed in November 2006. NCO was required to carry out the exchange offer under the terms of agreements entered into in the private placement.
The Exchange Offer is scheduled to expire at 5:00 p.m., Eastern time, on August 15, 2007, unless extended by the company. The exchange agent for the exchange offer is The Bank of New York.
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