MoneyGram buyout financing lender discussions expected this quarter

By Sara Rosenberg

New York, Feb. 9 – MoneyGram International Inc. expects discussions with prospective lenders to commence this quarter regarding the financing for its acquisition by Madison Dearborn Partners LLC, according to an 8-K filed with the Securities and Exchange Commission on Thursday.

Goldman Sachs, Deutsche Bank, Barclays and Wells Fargo have committed to provide the financing, including a $150 million revolving credit facility and $900 million of secured financing.

Under the agreement, MoneyGram is being bought for $11.00 per share in an all-cash transaction valued at about $1.8 billion.

MoneyGram is a Dallas-based digital P2P payments company.

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