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Cardtronics announces plans to go public
September 10, 2007
The Associated Press: Cardtronics Inc. on Friday filed for an initial public offering of its common stock.The Houston-based independent sales organization did not disclose any terms of the offering, but indicated the maximum offering price could total $300 million. Cardtronics previously filed for an IPO in March 2004, but withdrew the planned offering a year later because of market conditions. Cardtronics plans to use the proceeds from the offering to repay the entire amount outstanding under its $175 million revolving credit facility, which, as of June 30, was about $103.6 million. Cardtronics plans to list its shares on the Nasdaq Global Market under the symbol "CATM."
Read also, A sit-down with Cardtronics CFO Chris Brewster.
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