MoneyGram prepays $100 million under credit agreement

By Wendy Van Sickle

Columbus, Ohio, June 28 – MoneyGram International, Inc. prepaid $100 million of principal balance under its second-lien credit agreement dated June 26, 2019 with Bank of America, NA as administrative agent, according to a news release.

MoneyGram also paid a required $4 million prepayment call premium plus accrued interest to the lenders for a total payment of $107 million.

The company used all of the $97.6 million in proceeds that it raised from its recently completed “at-the-market” equity offering program plus cash on hand to make the prepayment.

MoneyGram is a Dallas-based money transfer company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.