Populus Financial Group, Inc. Announces Termination of its Cash Tender Offer and Consent Solicitation for 12.000% Senior Secured Notes due 2022

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Sep 27, 2019, 12:45 ET

DALLAS, Sept. 27, 2019 /PRNewswire/ -- Populus Financial Group, Inc. (f/k/a ACE Cash Express, Inc.) (the "Company" or "Populus"), announced today that it has terminated its previously announced tender offer to purchase (the "Tender Offer"), for cash, up to all of its outstanding 12.000% Senior Secured Notes due 2022 (the "Existing Notes") and the solicitation of consents related thereto (the "Consent Solicitation"). The Tender Offer and the Consent Solicitation were due to expire at 11:59 P.M., New York City time, on October 4, 2019.

This press release constitutes a formal termination of the Tender Offer and the Consent Solicitation, which were made on the terms and subject to the conditions set forth in the Confidential Offer to Purchase and Consent Solicitation Statement, dated as of July 15, 2019 (as amended on July 18, 2019 and August 9, 2019, the "Offer to Purchase"). All Existing Notes that have been validly tendered will be promptly returned or credited back to their respective holders.

About Populus Financial Group

Populus Financial Group™ provides financial services through its family of brands including ACE Cash Express®, ACE Elite™ Visa® Prepaid Debit Card and ACE Flare™ Account by MetaBank®. Populus Financial Group delivers a broad range of financial products and services including short-term consumer loans, card services, check cashing, money transfers, bill payments and money orders. Visit PopulusFinancial.com for more information.

Cautionary Note Regarding Forward-Looking Statements

The information presented herein includes forward-looking statements. All statements other than statements of historical facts included in this press release are forward-looking statements. These forward-looking statements reflect the Company's management's expectations regarding its future growth, results of operations, operational and financial performance and business prospects and opportunities. When used in this press release or in the documents referred to herein, you can identify such statements because they typically contain words such as "plans," "expects" or "does not expect," "budget," "forecasts," "anticipates" or "does not "anticipate," "believes," "intends" and similar expressions or statements that certain actions, events or results "may," "could," "would," "might" or "will" be taken, occur or be achieved. Although the forward-looking statements contained in this press release and the documents referred to herein reflect management's current beliefs based upon information currently available to management and upon assumptions which management believes to be reasonable, actual results may differ materially from those stated in or implied by these forward-looking statements. A number of factors could cause actual results, performance or achievements to differ materially from the results expressed or implied in the forward-looking statements, including those risks addressed in the section of the Offer to Purchase entitled "Risk Factors."

Any forward-looking statement speaks only at the date on which it is made, and, except as may be required by law, the Company undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which it is made or to reflect the occurrence of unanticipated events or circumstances. New factors emerge from time to time, and it is not possible for the Company to predict them. In addition, the Company may be unable to assess the impact of any such event or condition or the extent to which any such event or condition, or combination of events or conditions, may cause results to differ materially from those contained in or implied by any forward-looking statement. As such, you should not unduly rely on the forward-looking statements contained in this press release or the documents referred to herein.

SOURCE Populus Financial Group