Cardtronics boosts loan commitments to $250 million for ATM purchase

By Susanna Moon

Chicago, July 26 - Cardtronics, Inc. said it expanded its credit facility commitments by $75 million to $250 million and extended the maturity by one year to July 15, 2016 to fund a recent acquisition of ATMs.

The company's wholly owned subsidiary Cardtronics USA, Inc. acquired EDC ATM Subsidiary, LLC and Efmark Deployment I, Inc. for $145 million, according to a company press release.

The "pricing terms and covenants were amended to be generally more favorable to the company," the release noted.

Cardtronics is a Houston-based non-bank operator of ATMs.

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