CheckFree Announces $185 Million Three-Year Revolving Line of Credit
25 Agosto 2004 - 11:00AM
PR Newswire (US)
CheckFree Announces $185 Million Three-Year Revolving Line of
Credit ATLANTA, Aug. 25 /PRNewswire-FirstCall/ -- CheckFree
Corporation (NASDAQ:CKFR) today announced that it has closed on a
three-year $185 million senior secured revolving credit agreement.
The credit facility will be used for general corporate purposes of
CheckFree Corporation and its subsidiaries, including working
capital, acquisitions and letter of credit needs. The new facility
provides for borrowings tied to base rate and LIBOR and contains
certain financial covenants. SunTrust Robinson Humphrey, a division
of SunTrust Capital Markets, Inc. is a Joint Lead Arranger and
SunTrust Bank is the Administrative Agent. Banc of America
Securities LLC is a Joint Lead Arranger and Bank of America, N.A.
is the Syndication Agent. About CheckFree (
http://www.checkfreecorp.com/ ) Founded in 1981, CheckFree
Corporation (NASDAQ:CKFR) provides financial electronic commerce
services and products to organizations around the world. CheckFree
Electronic Commerce solutions enable thousands of financial
services providers and billers to offer their customers the
convenience of receiving and paying their household bills online or
in person through retail outlets. CheckFree Investment Services
provides a broad range of investment management solutions and
outsourced services to thousands of financial services
organizations, which manage more than $900 billion in assets.
CheckFree Software develops, markets and supports software
applications that are used by financial institutions to process
more than two-thirds of the 10 billion Automated Clearing House
transactions in the United States. The division also provides
global trade processing, reconciliation, financial messaging,
compliance and electronic billing and statement software to
thousands of organizations across the globe. Certain of CheckFree's
statements in this press release are not purely historical, and as
such are "forward-looking statements" within the meaning of the
Private Securities Litigation Reform Act of 1995. These include
statements regarding management's intentions, plans, beliefs,
expectations or projections of the future. Forward-looking
statements involve risks and uncertainties, including without
limitation, the various risks inherent in CheckFree's business, and
other risks and uncertainties detailed from time to time in
CheckFree's periodic reports filed with the Securities and Exchange
Commission, including CheckFree's Annual Report on Form 10-K for
the year ended June 30, 2003 (filed September 15, 2003), Quarterly
Report on Form 10-Q for the quarter ended September 30, 2003 (filed
November 13, 2003), Quarterly Report on Form 10-Q for the quarter
ended December 31, 2003 (filed February 12, 2004), and Quarterly
Report on Form 10-Q for the quarter ended March 31, 2004 (filed May
14, 2004). One or more of these factors have affected, and could in
the future affect CheckFree's business and financial results in
future periods, and could cause actual results to differ materially
from plans and projections. There can be no assurance that the
forward-looking statements made in this press release will prove to
be accurate, and issuance of such forward-looking statements should
not be regarded as a representation by CheckFree, or any other
person, that the objectives and plans of CheckFree will be
achieved. All forward-looking statements made in this press release
are based on information presently available to management, and
CheckFree assumes no obligation to update any forward-looking
statements. DATASOURCE: CheckFree Corporation CONTACT: Media
relations, Judy DeRango Wicks, +1-678-375-1595, or , or Investor
relations, Tina Moore, +1-678-375-1278, or , both of CheckFree
Corporation Web site: http://www.checkfreecorp.com/
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