ST. PETERSBURG, Fla., Nov. 25 /PRNewswire-FirstCall/ -- Catalina Marketing
Corporation (NYSE: POS) announced today that it reached agreement yesterday
with its bank group to extend the company's U.S. credit facility through
August 31, 2004. The credit facility had previously been extended for 60
days, expiring on November 24, 2003. The credit facility in the United States
remains at $30 million and is now secured by the assets of the company and
certain of its domestic subsidiaries. The company also extended its waiver on
the $30.5 million of indebtedness related to its corporate headquarters, in
St. Petersburg, Florida, through August 31, 2004.
Catalina Marketing Japan K.K., the Japan coupon subsidiary of Catalina
Marketing Corporation, also extended its 3.5 billion yen Japan credit
facility. The Japan facility consists of a 1.5 billion yen revolver that was
extended through August 31, 2004, and a 2 billion yen term loan with a
maturity of March 31, 2005. The Japan facility is guaranteed by, and secured
by, the assets of Catalina Marketing Corporation and certain of its domestic
subsidiaries.
Christopher W. Wolf, executive vice president and chief financial officer,
stated, "We are pleased with the continued support of our bank group during
this period. The combination of our available credit, cash balances and
operating cash flow provide us with the necessary liquidity to meet the needs
of our business throughout the term of the credit facility."
Based in St. Petersburg, Fla., Catalina Marketing Corporation
(http://www.catalinamarketing.com) was founded 20 years ago based on the premise that
targeting communications based on actual purchase behavior would generate more
effective consumer response. Today, Catalina Marketing combines unparalleled
insight into consumer behavior with dynamic consumer access. This combination
of insight and access provides marketers with the ability to execute behavior-
based marketing programs, ensuring that the right consumer receives the right
message at exactly the right time. Catalina Marketing offers an array of
behavior-based promotional messaging, loyalty programs and direct to patient
information. Personally identifiable data that may be collected from the
company's targeted marketing programs, as well as its research programs, are
never sold or given to any outside party without the express permission of the
consumer.
Certain statements in the preceding paragraphs are forward looking, and
actual results may differ materially. Statements not based on historic facts
involve risks and uncertainties, including, but not limited to, the changing
market for promotional activities, especially as it relates to policies and
programs of packaged goods and pharmaceutical manufacturers for the issuance
of certain product coupons and other promotions, the effect of economic and
competitive conditions and seasonal variations, actual promotional activities
and programs with the company's customers, the pace of installation of the
company's store network, the policies and programs of the company's retail
partners, the success of new services and businesses and the pace of their
implementation, and the company's ability to maintain favorable client
relationships.
SOURCE Catalina Marketing Corporation
 back to top
Related links:
http://www.catalinamarketing.com
CONTACT:
Investors, Christopher W. Wolf, Chief
Financial Officer, or Joanne Freiberger, Vice President, Finance,
both at +1-727-579-5116, or Media, Susan Gear, Executive
Director, Marketing, +1-727-579-5452, all of Catalina Marketing
Corporation
|
