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Cardtronics to offer $300M in senior notes

March 31, 2017

Cardtronics PLC has announced that Cardtronics, Inc. and Cardtronics USA Inc., intend to offer $300 million in senior notes due 2025 for sale to eligible purchasers in a private offering.

Cardtronics intends to use the net proceeds from the sale, from its indirect, wholly owned subsidiaries, to repay approximately $294.5 million of outstanding borrowings under its revolving credit facility. Those are funds the company borrowed to fund its acquisition of DirectCash Payments Inc. on Jan. 6. The sale is subject to market conditions.

The notes to be offered have not been registered under the Securities Act of 1933, as amended, or the securities laws of any other jurisdiction and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act or the securities laws of any other jurisdiction.

Accordingly, the notes are expected to be eligible for resale only to qualified institutional buyers and, outside the United States, to non-U.S. persons in compliance with Regulation S.