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

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.