secwatch.observer — SEC 8-K summary
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Issuer:     EURONET WORLDWIDE, INC. (EEFT)
CIK:        0001029199
Form:       8-K
Filed at:   2022-10-25T23:59:59+00:00
Accession:  0001213900-22-065935
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 3.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Euronet amends credit facility: increases to $1.25B, extends maturity to Oct 2027
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- Credit facility increased from $1.030B to $1.25B; maturity extended from Oct 2023 to Oct 2027.
- Benchmark transitions from LIBOR to replacement rate; margin initially 1.25% including facility fee.
- Facility includes $250M sublimit for letters of credit, $75M USD swingline, $75M foreign currency swingline.
- Consolidated leverage ratio covenant max 3.5x-4.5x; interest coverage minimum 3.0x.
- Company may increase facility by up to additional $500M under certain conditions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1029199/000121390022065935/0001213900-22-065935-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1029199/000121390022065935/eeft-20221019.htm
  HTML page:      https://secwatch.observer/filing/0001213900-22-065935

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