Euronet (NASDAQ: EEFT), a leading global financial technology solutions and payments provider, today announced the Company has amended its unsecured revolving credit facility to increase the facility from $1.25 billion to $1.90 billion. The Company also extended the maturity date by five years from December 17, 2024, to December 17, 2029, with a syndicate of domestic and international financial institutions.
The amended credit facility includes a multi-currency borrowing tranche totaling $1.685 billion and a USD borrowing tranche totaling $215 million. The amended facility also removes the credit spread adjustment on SOFR and SONIA borrowings. All other terms remain substantially the same as the existing credit facility.
“We are pleased that all our banking partners continued to support our business, most at increased commitment levels. We are equally pleased to have several new banking partners join the facility, which will provide capital flexibility in banking services in areas that are important to our expansion,” stated Rick Weller, Executive Vice President and Chief Financial Officer of Euronet Worldwide, Inc. “The increased capacity will allow us the flexibility to grow the business to continue to deliver year-over-year double-digit growth rates and ultimately deliver additional value to our shareholders.”