Cardtronics to repay $294.5 million of revolver borrowings via notes

By Wendy Van Sickle

Columbus, Ohio, March 30 – Cardtronics plc plans to repay about $294.5 million of outstanding borrowings under its revolving credit facility with proceeds of an offering of $300 million of eight-year senior notes, according to a press release.

The revolver borrowings were drawn to fund a company subsidiary’s acquisition of DirectCash Payments Inc. on Jan. 6.

The senior notes are being offered by subsidiaries Cardtronics Inc. and Cardtronics USA, Inc.

Wells Fargo Securities LLC is the left bookrunner for the Rule 144A and Regulation S for life offering. BofA Merrill Lynch, J.P. Morgan Securities LLC and BBVA Securities are the joint bookrunners.

The consumer financial services provider is based in Houston.

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