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MoneyGram Closes Private Offering of $415 Million of Senior Secured Notes and $400 Million Senior Secured Term Loan

MoneyGram Announces Closing of Private Offering of $415 Million of Senior Secured Notes and $400 Million Senior Secured Term Loan Background Image

Vinson & Elkins advised MoneyGram International, Inc. (“MoneyGram”) in connection with its private offering of $415 million aggregate principal amount of 5.375% senior secured notes due 2026 (the “notes”) and related guarantees (as defined below).

Substantially concurrently with the closing of the offering, the company closed a new $400 million senior secured term loan, and also now has a new undrawn revolving facility of $32.5 million, both pursuant to a new credit agreement, dated as of July 21, 2021 (the “New Credit Agreement”), by and between the Company, as borrower, the lenders from time to time party thereto, and Bank of America, N.A., as administrative agent. Vinson & Elkins is also representing MoneyGram in the New Credit Agreement. The offering closed on July 21, 2021.

The V&E corporate team is led by partners Alan Bogdanow and David Stone with senior associate Lucy Liu and associates Cameron Land and Jack Peterson. The finance team is led by partner Cris Dewar with senior associate Randy Aman and associate Arthur Munoz. Partners Jim Meyer and Wendy Salinas and associate Jeff Slusher provided tax advice.

About Vinson & Elkins
For more than a century, Vinson & Elkins has provided outstanding client service across important industries that drive the global economy. Built on a strong culture of collaboration across 12 offices worldwide, V&E lawyers are committed to excellence, offering clients decades of legal experience in handling transactions, investments, projects and disputes across the globe. Learn more by visiting www.velaw.com or follow us on Twitter @VinsonandElkins or connect with us on LinkedIn.

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