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Community Choice Financial completes private placement of Senior Secured Notes and its related acquisition of CheckSmart Financial, CCCS Corporate Holdings and its subsidiaries

April 2011

Client(s) CheckSmart Financial Company

Jones Day advised CheckSmart Financial Company in its stock-for-stock merger pursuant to which Community Choice Financial Inc. acquired all outstanding stock of Checksmart Financial Holdings Corp. (an existing affiliate) and CCCS Corporate Holdings, Inc. and its subsidiaries (including California Checking Cashing Stores, LLC).

In related financing, Jones Day advised Community Choice Financial Inc., parent company to CheckSmart Financial Holdings, a provider of alternative financial services, in connection with its issuance of $395 million aggregate principal amount of 10.75% Senior Secured Notes due 2019 in a Rule 144A and Regulation S offering. Credit Suisse and Jefferies & Company, Inc. acted as joint book-running managers.

In addition to M&A representation, Jones Day provided antitrust, tax, and employee benefits advice regarding this transaction.

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