Cardtronics expands revolver to $600 million, removes accordion

By Marisa Wong

Morgantown, W.Va., Jan. 9 – Cardtronics plc amended its amended and restated credit agreement dated April 24, 2014 to increase total commitments under the revolving credit facility to $600 million from $375 million, according to an 8-K filing with the Securities and Exchange Commission.

Following the increase, the accordion provision under the credit agreement was removed.

Borrowings were used to fund the majority of the purchase price for the company’s previously announced acquisition of DirectCash Payments Inc.

JPMorgan Chase Bank, NA is administrative agent, with J.P. Morgan Europe Ltd. as alternative currency agent, Bank of America, NA as syndication agent and Wells Fargo Bank, NA as documentation agent under the credit agreement.

Cardtronics is a Houston-based global ATM owner and operator.

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