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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 100 years, Vinson & Elkins has provided deep experience in handling transactions, investments, projects, and disputes worldwide. The firm is a trusted adviser to clients in the most important industrial and digital industries. Learn more by visiting www.velaw.com or follow us on Twitter @VinsonandElkins or connect with us on LinkedIn.

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