Cardtronics to repay revolving credit facility via convertible notes

By Tali David

Minneapolis, Nov. 18 - Cardtronics, Inc. plans to repay outstanding borrowings under its revolving credit facility with the proceeds from a convertible senior notes offering, according to a press release.

Proceeds will also be used to fund the cost of entering into the convertible note hedge transactions and repurchase shares of the company's common stock.

The remainder will be used for general corporate purposes, which may include capital expenditures and working capital.

Cardtronics is a Houston-based ATM services provider.

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