Cardtronics amends facility to substitute borrower, extend maturity

By Marisa Wong

Morgantown, W.Va., July 1 – Cardtronics plc is now a party to and a guarantor under the amended and restated credit agreement dated April 24, 2014 with JPMorgan Chase Bank, NA as administrative agent, according to an 8-K filing with the Securities and Exchange Commission.

Under a third amendment to the credit agreement completed on Friday, Cardtronics, Inc. will no longer be a borrower but will remain a guarantor under the credit agreement.

The amendment also extends the maturity date of the credit agreement to July 1, 2021.

In addition, the full amount under the credit agreement can now be borrowed in dollars, other currencies or a combination of currencies.

The total commitments will remain at $375 million, and the facility retains an accordion feature that will allow the borrowers to increase the available borrowings up to $500 million.

Cardtronics Europe Ltd. will continue to be a borrower and guarantor under the credit agreement, the filing noted.

The amendment follows the completion of a merger between Cardtronics, Inc. and one of its subsidiaries. Cardtronics plc is the new publicly traded corporate parent of the Cardtronics group.

Cardtronics is a Houston-based global ATM owner and operator.

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