Redbox 2014 Annual Report Download - page 33

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25
Q3 2014 Events
• On September 26, 2014, Universal Studios Home Entertainment LLC exercised its option to extend the term of the
revenue sharing license agreement between Redbox and Universal through December 31, 2015.
• On September 2, 2014, our remaining outstanding 4.0% Convertible Senior Notes ("Convertible Notes") matured. In
the three months ended September 30, 2014, we retired or settled upon maturity $33.4 million in face value of
Convertible Notes for $33.4 million in cash and the issuance of 248,944 shares of our common stock. See Note 7: Debt
and Other Long-Term Liabilities in our Notes to Consolidated Financial Statements for more information.
• During the three months ended September 30, 2014, we repurchased 1,185,970 shares of our common stock at an
average price of $59.52 per share for $70.6 million.(1)
Q2 2014 Events
• On June 27, 2014, Sony notified us of their intent to extend our existing content license agreement with them. This
extension will extend the license period through September 30, 2015.
• On June 24, 2014, we entered into a new credit facility arrangement consisting of a senior secured $600.0 million
revolving line of credit that, under certain conditions, may be increased up to an additional $200.0 million in
aggregate, and a senior secured $150.0 million amortizing term loan. The maturity of the credit facility is extended
until June 24, 2019.
• On June 9, 2014, we consummated a private offering to sell $300.0 million in aggregate principal amount of senior
unsecured notes due 2021. We used the proceeds to repay indebtedness under our prior credit facility and for general
corporate purposes.
• During the three months ended June, 30, 2014, we repurchased 711,556 shares of our common stock at an average
price of $70.27 per share for $50.0 million.(1)
Q1 2014 Events
• During January 2014, we repurchased 736,000 shares of our common stock at an average price of $67.93 per share for
$50.0 million.(1)
• During the three months ended March 31, 2014, we executed a tender offer in which we accepted for payment an
aggregate of 5,291,701 shares of our common stock at a final purchase price of $70.07 per share, for an aggregate cost
of $370.8 million, excluding fees and expenses.(1)
(1) Shares purchased as part of publicly announced repurchase plans or programs as approved by Board of Directors. See Note 8: Repurchases of
Common Stock in our Notes to Consolidated Financial Statements for more information.