Euronet amends and extends its unsecured revolving credit

Euronet amends and extends its unsecured revolving credit

LEAWOOD, Kan., Oct. 24, 2022 (GLOBE NEWSWIRE) — Euronet Worldwide, Inc. (NASDAQ: EEFT), a number one world supplier and distributor of digital funds, at the moment introduced that the corporate has modified its unsecured revolving credit score facility to extend the ability from $1.030 billion to $1.250 billion. The Firm has additionally prolonged the maturity date by roughly 4 years, from October 17, 2023 to October 24, 2027, with a syndicate of home and worldwide monetary establishments.

The amended credit score facility adjustments the LIBOR benchmark rate of interest to the beneficial different benchmark price for every relevant forex. The ability accommodates a sub-limit of $250 million for issuing letters of credit score (with $150 million dedicated), a sub-limit of $75 million for US greenback swingline loans and a sub-limit $75 million for swingline loans in euros or kilos sterling. All different phrases stay considerably the identical as these of the prevailing credit score facility.

“We’re delighted that our present banking companions acknowledge the continued energy of our monetary place by offering further commitments on this unsure financial atmosphere,” mentioned Rick Weller, govt vice chairman and chief monetary officer of Euronet Worldwide, Inc. “The elevated capability will give us the pliability to fund our strategic progress initiatives and in the end we imagine will ship further worth to our shareholders.

About Euronet Worldwide, Inc.
Euronet Worldwide is without doubt one of the world’s main suppliers of monetary expertise and funds options. The Firm affords fee and transaction processing options to monetary establishments, retailers, service suppliers and people. These providers embody complete ATM, POS and card outsourcing providers, card issuance and service provider buying providers, software program options, money and on-line providers. consumer to consumer and business to business cash switch providers and digital distribution of prepaid cell phone time and different pay as you go merchandise.

Euronet’s world funds community is intensive – comprising 51,437 ATMs, roughly 590,000 EFT fee terminals and a rising portfolio of outsourced debit and bank card providers which might be operated in 65 international locations; card software program options; a pay as you go processing community of roughly 777,000 point-of-sale terminals at roughly 352,000 factors of sale in 63 international locations; and a worldwide cash switch community of roughly 509,000 places serving 188 international locations and territories. With headquarters in Leawood, Kansas, USA, and 66 workplaces worldwide, Euronet serves clients in roughly 200 international locations and territories. For extra data, please go to the Firm’s web site at www.euronetworldwide.com.

Ahead-looking statements

The statements contained on this press launch regarding of Euronet or its administration’s intentions, expectations or predictions concerning future efficiency are forward-looking statements. of Euronet precise outcomes could differ materially from these anticipated in these forward-looking statements because of a variety of components, together with: world monetary market situations and normal financial situations, together with the impacts of the COVID-19 pandemic; inflation; the struggle in Ukraine and associated financial sanctions; our capability to efficiently combine the operations of Piraeus Service provider Companies; financial situations in particular international locations and areas; technological developments affecting the marketplace for our services and products; our capability to efficiently introduce new services and products; fluctuations in overseas forex alternate charges; the results of any breach of our pc techniques or these of our clients or suppliers, together with our monetary processing networks or these of different third events; disruptions to any of our techniques or these of our suppliers or different third events; our capability to resume present contracts at favorable charges; the evolution of commissions to be paid for transactions carried out with playing cards bearing worldwide logos or on switching networks akin to card transactions on ticket merchandising machines; our capability to adjust to more and more stringent regulatory necessities, together with anti-money laundering, anti-terrorism, anti-corruption, shopper and information safety and normal regulation necessities European Union Knowledge Privateness and Second Fee Companies Directive; adjustments in legal guidelines and rules affecting our enterprise, together with tax and immigration legal guidelines and all legal guidelines governing funds, together with dynamic forex conversion transactions; adjustments in our relationship with, or within the charges charged by, our enterprise companions; competitors; the end result of claims and different contingencies of losses affecting Euronet; value of borrowing (together with rate of interest fluctuations), credit score availability and phrases and compliance with covenants; and the renewal of funding sources as they expire and the supply of alternative funding. These and different dangers are described within the Firm’s filings with the Securities and Change Fee, together with our annual report on Type 10-Okay, our quarterly studies on Type 10-Q and our present studies on Type 8. -Okay. Copies of those paperwork could be obtained via the DRY on the Edgar web site or by contacting the Firm. All forward-looking statements made on this launch communicate solely as of the date of this launch. Until required by legislation, Euronet doesn’t intend to replace these forward-looking statements and assumes no obligation to anybody to supply such an replace beneath any circumstances. The Firm repeatedly posts essential data within the investor relations part of its web site.

For extra data concerning this launch, please contact:

Euronet Worldwide, Inc.
Stephanie Taylor
[email protected]
(913) 327-4200

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