Euronet Worldwide announced the amendment and extension of its unsecured revolving credit facility, increasing its capacity from $1.25 billion to $1.90 billion. The maturity date for the facility has also been extended by five years, now set for December 17, 2029.
The amended facility includes a multi-currency borrowing tranche totaling $1.685 billion and a USD borrowing tranche of $215 million. It also removes the credit spread adjustment on SOFR and SONIA borrowings, with other terms remaining substantially similar to the existing facility.
According to Euronet's Executive Vice President and Chief Financial Officer, Rick Weller, the increased capacity provides the company with enhanced capital flexibility. This move is expected to support Euronet's continued business growth and its goal of delivering year-over-year double-digit growth rates, ultimately aiming to deliver additional value to shareholders.
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