CheckFree Corporation Completes Redemption of Subordinated Notes
13 December 2003 - 8:30AM
PR Newswire (US)
CheckFree Corporation Completes Redemption of Subordinated Notes
ATLANTA, Dec. 12 /PRNewswire-FirstCall/ -- CheckFree Corporation
announced today that it has completed a call for redemption of its
6.5% Convertible Subordinated Notes due 2006 (the "Notes"). The
original $172.5 million principal amount of the Notes was redeemed
in cash. None of the holders of the Notes chose to convert their
Notes prior to the date of redemption. About CheckFree (
http://www.checkfreecorp.com/ ) CheckFree (NASDAQ:CKFR) is the
leading provider of financial electronic commerce services and
products. Founded in 1981 and celebrating its 23rd year in
e-commerce, CheckFree is comprised of three divisions: Electronic
Commerce, Software, and Investment Services. CheckFree launched the
first fully integrated electronic billing and payment solution in
1997. In the quarter ended September 30, 2003, more than 11 million
consumers initiated online payments through services offered by
CheckFree's Electronic Commerce division. Electronic billing and
payment is available through more than a thousand financial
services organizations, including banks, brokerage firms, Internet
portals and personal financial management (PFM) software. At these
sites, consumers are able to electronically receive and pay about
300 bills, representing the bills most common to a U.S. household.
CheckFree delivers nearly 15 million e-bills each quarter.
CheckFree Investment Services provides a broad range of investment
management services to thousands of financial institutions
nationwide. The division's clients manage more than 1.3 million
portfolios totaling more than $700 billion in assets. CheckFree's
Software division provides solutions through three operating units:
CheckFree ACH Solutions, CheckFree Financial and Compliance
Solutions (CFACS), and CheckFree i-Solutions. CheckFree ACH
Solutions provides software and services that are used to process
more than two-thirds of the nation's nine billion Automated
Clearing House payments, while CFACS provides reconciliation and
compliance software and services to more than 500 organizations in
the banking, brokerage, utility, retail, insurance and credit card
industries, among others. CheckFree i-Solutions is the leading
provider of e-billing and e-statement software and services for
both business-to- consumer and business-to-business applications,
with more billers as clients than all of its competitors have
combined. 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/ Company News
On-Call: http://www.prnewswire.com/comp/821650.html
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