Euronet Worldwide buys $167.8 million convertibles put back to company

By Ashley Montgomery

Kansas City, Kan., Oct. 17 - Euronet Worldwide, Inc. repurchased $167.8 million of its 3.5% convertible debentures due 2025 which were put back to the company, according to an 8-K filed with the Securities and Exchange Commission.

Holders tendered the convertibles for purchase on Monday by exercising the put option.

Following the repurchase, $3.6 million of the convertibles remain outstanding.

The company said it funded the repurchase with cash on hand and a draw on its revolving credit facility.

Euronet is a Leawood, Kan.-based electronic payments provider.

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