International Money Express increases revolving credit facility by $70M to $220M

International Money Express, Inc.

Revolving credit commitments increased by $70M to $220M under amended credit agreement (April 18, 2023).
Funds available for general corporate purposes and to support share repurchases.
Uncommitted incremental facility of up to $70M also added for potential future revolving or term loans.
Amendment executed with KeyBank as administrative agent and multiple participating lenders.
Interest rate and other terms unchanged from existing revolving commitments.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

International Money Express, Inc. amended Second Amendment Agreement with KeyBank National Association valued at $70,000,000 (effective 2023-04-18).

Action: amendment
Agreement: credit facility
Counterparty: KeyBank National Association
Value: $70,000,000
Effective: 2023-04-18

Exact text from the filing

Effective as of April 18, 2023, International Money Express, Inc. (the “Company”) amended its credit facilities and satisfied the conditions with respect to an increase in an aggregate amount of $70,000,000 (the “Revolving Increase”) to the revolving credit commitments available under its existing Amended and Restated Credit Agreement, dated as of June 24, 2021, as amended to date, by and among the Company, certain of its subsidiaries party thereto, KeyBank National Association, as administrative agent and L/C issuer, and a group of banking institutions as lenders party thereto (the “Credit Agreement”).

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International Money Express, Inc. filing history →

Source: SEC EDGAR

accession 0001140361-23-019024

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