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Alliance Data Systems Corporation (NYSE: ADS) Hot Stock on the Move!

Publication: M2 Presswire
Publication Date: 29-MAY-09 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
M2 PRESSWIRE-29 May 2009-PennyStockChaser.com: Alliance Data Systems Corporation (NYSE: ADS) Hot Stock on the Move!(C)1994-2009 M2 COMMUNICATIONS

RDATE:28052009

PennyStockChaser.com is pleased to offer a hot stock alerts service. Investors can receive FREE Stock Alerts by visiting the following link: http://www.pennystockchaser.com/join-now/

Today's news alerts include: Alliance Data Systems Corporation Prices $300 Million Convertible Senior Notes

DALLAS, May 28, 2009 -- Alliance Data Systems Corporation (NYSE: ADS) announced today the pricing last night of its previously announced offering of $300 million aggregate principal amount of convertible senior notes due 2014 (the "Notes"). The Notes were offered to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). Alliance Data has granted to the initial purchasers of the Notes an option to purchase up to an additional $45 million aggregate principal amount of the Notes solely to cover over-allotments, if any.

(Logo: http://www.newscom.com/cgi-bin/prnh/20051024/ADSLOGO )

Alliance Data expects to use the net proceeds of the offering and related warrant transactions (i) to repurchase approximately $74.9 million worth of shares of Alliance Data common stock through prepaid forward transactions, described below, (ii) to pay approximately $44.1 million for...

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