CSG Systems trims conversion rate of 4.25% convertibles due 2036

By Rebecca Melvin

New York, March 6 – CSG Systems International, Inc. adjusted the conversion rate for its outstanding 4.25% senior convertible notes due March 15, 2036, according to a press release.

Effective as of March 5, the conversion price is $56.81 per share, lowered from $56.87 per share.

The new conversion rate is 17.6036 shares per $1,000 of notes, increased from 17.5843.

All $230 million of the convertibles originally issued in March 2016 remain outstanding, the company noted.

CSG is a Greenwood Village, Colo., provider of revenue management and customer interaction services to communications service providers.

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