MoneyGram closes senior secured financing, includes revolver

Chicago, July 21 – MoneyGram International Inc. announced that part of its new financing package that closed on July 21 now includes a new undrawn $32.5 million revolving facility.

Bank of America, NA is the administrative agent, according to a press release.

Proceeds from the previously reported $400 million term loan B and $415 million of senior secured notes will be used to refinance existing first- and second-lien term loans.

MoneyGram is a Dallas-based money transfer company.

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