Oct 12 (Reuters) - Euronet Worldwide Inc :
* Expands senior secured credit facility
* To increase borrowing capacity under senior secured credit facility from $275
million to $400 million * Source text
Euronet Worldwide, Inc. (NASDAQ: EEFT), a leading global electronic payments provider, today announced that the Company has exercised its right to increase the borrowing capacity under its senior secured revolving credit facility from $275 million to $400 million, with a syndicate of financial institutions.
The terms and conditions of the senior secured revolving credit facility, including pricing, maturity and covenants, remain unchanged.
"We are pleased with the support of our existing lenders through additional commitments together with the support of two new banks that joined the group," states Rick Weller, Chief Financial Officer of Euronet Worldwide, Inc. "While we have sufficient cash and availability under our current facility to meet the likely put of the $171 million in principal amount of our 3.5% convertible bonds on October 15, the increased capacity will give us additional liquidity to support growth opportunities."
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