debt
confidence high
sentiment neutral
materiality 0.60
International Money Express enters $425M revolving credit facility, maturing 2029
International Money Express, Inc.
- New $425M multi-currency revolving credit facility; maturity date August 29, 2029.
- Uncommitted incremental facility of up to $100M available for additional term/revolving loans.
- Proceeds used to repay prior term loan in full and fund general corporate purposes and share repurchases.
- Interest on USD loans: SOFR + 1.75%-2.25% or base rate + 0.75%-1.25%, based on leverage ratio.
- Increased flexibility for restricted payments; no limit if leverage ratio ≤2.50x after pro forma effect.