International Money Express replaces LIBOR with SOFR, eases restricted payment limits

International Money Express, Inc.

Amendment replaces LIBOR with SOFR plus 0.10% adjustment; margin ranges 2.50%-3.00%.
Restricted payments (incl. stock buybacks) allowed up to $23.75M or 25% of EBITDA per year, or unlimited if leverage ≤2.25x.
Base Rate interest also revised to reference SOFR; margin 1.50%-2.00%.
Amendment effective Nov 10, 2022; Credit Agreement otherwise unchanged.
Loan parties waived all claims against lenders up to the amendment date.

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