8-K
filed June 1, 2023, 7:59 PM ET
CIK 0001273931
M&A
confidence high
sentiment neutral
materiality 1.00
MONEYGRAM INTERNATIONAL INC: M&A transaction — Madison Dearborn Partners completes $1.1B acquisition of MoneyGram at $11.00/share; stock delisted from Nasdaq
MONEYGRAM INTERNATIONAL INC
- Stockholders received $11.00 per share; aggregate Merger Consideration ~$1.1 billion.
- Common stock suspended from trading on Nasdaq effective June 1, 2023; company will file Form 15 to terminate SEC registration.
- All outstanding 5.375% Senior Secured Notes due 2026 redeemed and Indenture satisfied and discharged.
- Existing credit agreement repaid and all commitments terminated; security interests released.
- Seven directors resigned; officers of the Company continued in their roles.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Alka Gupta resigned as director at MONEYGRAM INTERNATIONAL INC.
- Action
- resigned
- Role
- director
Exact text from the filing
On June 1, 2023, following the completion of the Merger, the following directors of the Company resigned from their respective positions as directors: Amb. Antonio O. Garza, Alka Gupta, Francisco Lorca, Michael P. Rafferty, Julie E. Silcock, W. Bruce Turner and Peggy Vaughan.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Francisco Lorca resigned as director at MONEYGRAM INTERNATIONAL INC.
- Action
- resigned
- Role
- director
Exact text from the filing
On June 1, 2023, following the completion of the Merger, the following directors of the Company resigned from their respective positions as directors: Amb. Antonio O. Garza, Alka Gupta, Francisco Lorca, Michael P. Rafferty, Julie E. Silcock, W. Bruce Turner and Peggy Vaughan.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Peggy Vaughan resigned as director at MONEYGRAM INTERNATIONAL INC.
- Action
- resigned
- Role
- director
Exact text from the filing
On June 1, 2023, following the completion of the Merger, the following directors of the Company resigned from their respective positions as directors: Amb. Antonio O. Garza, Alka Gupta, Francisco Lorca, Michael P. Rafferty, Julie E. Silcock, W. Bruce Turner and Peggy Vaughan.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Amb. Antonio O. Garza resigned as director at MONEYGRAM INTERNATIONAL INC.
- Action
- resigned
- Role
- director
Exact text from the filing
On June 1, 2023, following the completion of the Merger, the following directors of the Company resigned from their respective positions as directors: Amb. Antonio O. Garza, Alka Gupta, Francisco Lorca, Michael P. Rafferty, Julie E. Silcock, W. Bruce Turner and Peggy Vaughan.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
W. Bruce Turner resigned as director at MONEYGRAM INTERNATIONAL INC.
- Action
- resigned
- Role
- director
Exact text from the filing
On June 1, 2023, following the completion of the Merger, the following directors of the Company resigned from their respective positions as directors: Amb. Antonio O. Garza, Alka Gupta, Francisco Lorca, Michael P. Rafferty, Julie E. Silcock, W. Bruce Turner and Peggy Vaughan.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Julie E. Silcock resigned as director at MONEYGRAM INTERNATIONAL INC.
- Action
- resigned
- Role
- director
Exact text from the filing
On June 1, 2023, following the completion of the Merger, the following directors of the Company resigned from their respective positions as directors: Amb. Antonio O. Garza, Alka Gupta, Francisco Lorca, Michael P. Rafferty, Julie E. Silcock, W. Bruce Turner and Peggy Vaughan.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Michael P. Rafferty resigned as director at MONEYGRAM INTERNATIONAL INC.
- Action
- resigned
- Role
- director
Exact text from the filing
On June 1, 2023, following the completion of the Merger, the following directors of the Company resigned from their respective positions as directors: Amb. Antonio O. Garza, Alka Gupta, Francisco Lorca, Michael P. Rafferty, Julie E. Silcock, W. Bruce Turner and Peggy Vaughan.
View on SEC.gov
M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.9
MONEYGRAM INTERNATIONAL INC underwent a change of control involving Madison Dearborn Partners, LLC for approximately $1.1 billion (closed 2023-06-01).
- Action
- change of control
- Counterparty
- Madison Dearborn Partners, LLC
- Consideration
- approximately $1.1 billion
- Closing
- 2023-06-01
Exact text from the filing
of the Merger, a change in control of the Company occurred, and the Company became a wholly owned subsidiary of Parent. The aggregate Merger Consideration was approximately $1.1 billion, and the Merger Consideration was funded through equity contributions received by Parent and with proceeds from debt financing. --- EX-99.1 (EX-99.1) --- EX-99.1 Exhibit 99.1
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
MONEYGRAM INTERNATIONAL INC terminated Existing Credit Agreement with Bank of America, N.A. valued at repaid all outstanding loans and terminated all revolving credit commitments (effective 2023-06-01).
- Action
- termination
- Agreement
- credit facility
- Counterparty
- Bank of America, N.A.
- Value
- repaid all outstanding loans and terminated all revolving credit commitments
- Effective
- 2023-06-01
Exact text from the filing
Concurrently with the closing of the Merger, the Company repaid all outstanding loans and terminated all revolving credit commitments under the Credit Agreement, dated as of July 21, 2021 (as amended, restated, supplemented or otherwise modified from time to time, the “ Existing Credit Agreement ”), by and among the Company, as borrower, Bank of America, N.A., as administrative agent and collateral agent, and the lenders party thereto. Upon such repayment and termination, all security interests securing the Company’s obligations under the Existing Credit Agreement were released and discharged.
View on SEC.gov
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