Euronet Completes Sale of Convertible Debentures
LEAWOOD, KANSAS–Dec. 15, 2004–Euronet Worldwide, Inc. (Nasdaq: EEFT) announced today that it has completed the sale
of $125 million aggregate principal amount of its 1.625% Convertible Senior Debentures due 2024 to qualified institutional
buyers pursuant to Rule 144A of the Securities Act of 1933, as amended. The initial purchaser of the convertible debentures
exercised its option to purchase an additional $15 million aggregate principal amount of the debentures, bringing the total
offering to $140 million aggregate principal amount.
Euronet intends to use the net proceeds from the offering to repay approximately $54.3 million of its outstanding debt. Euronet
intends to use the remainder of the offering proceeds for general corporate purposes, which may include share repurchases.
The debentures may be converted, under certain circumstances, into common stock of Euronet at an initial conversion rate of
29.7392 shares per $1,000 principal amount of debentures, subject to adjustment. The debentures may not be redeemed by
Euronet prior to December 20, 2009. Holders of the debentures may, on specified dates and upon the occurrence of certain
circumstances, have the right to require Euronet to repurchase some or all of the debentures. The debentures will mature on
December 15, 2024.
The debentures and the shares of common stock issuable upon conversion of the debentures have not been registered under
the Securities Act of 1933, as amended, or any state securities laws and may not be offered or sold in the United States absent
registration or an applicable exemption from registration requirements. This press release shall not constitute an offer to sell or
the solicitation of any offer to buy any securities.
This news release contains forward-looking statements within the meaning of the federal securities laws that involve risks and
uncertainties. Such forward-looking statements include the expectations, plans or prospects for E