ACE Cash Express announces $350 million debt financing

By Paul A. Harris

Portland, Ore., Jan. 11 - ACE Cash Express, Inc. announced in a Tuesday press release that it plans to come to the leverage markets with $350 million of debt financing.

Proceeds will be used to fund the tender offer for its 10¼% notes due 2014 and to repay other debt, with any remaining proceeds to be used for general corporate purposes.

Credit Suisse is the dealer manager for the tender. The consent deadline is Jan. 24.

ACE Cash Express is a financial services provider focused on serving unbanked and underbanked consumers.

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