EEFT - Euronet enters into amended credit facility

• Euronet Worldwide ( NASDAQ: EEFT ) has announced an amended revolving credit facility, increasing its size from $1.03B to $1.25B.
• The increased capacity will allow the firm to fund its strategic growth initiatives. The maturity date was extended by approximately four years from October 17, 2023, to October 24, 2027.
• The amended credit facility transitions the benchmark interest rate from LIBOR to the recommended replacement benchmark for each applicable currency. The facility contains a $250M sublimit for the issuance of letters of credit (with $150 million committed), a $75M sublimit for U.S. dollar swingline loans and a $75M sublimit for swingline loans made in Euro or British pounds.

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