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Catalina Marketing Extends Bank Credit Facilities
ST. PETERSBURG, Fla., Nov. 25 /PRNewswire-FirstCall/ -- Catalina Marketing
Corporation 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.
DATASOURCE: Catalina Marketing Corporation
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
Web site: http://www.catalinamarketing.com/