trending Market Intelligence /marketintelligence/en/news-insights/trending/1Aq1oFBAnr3kF9ior3-CFA2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Euronet Worldwide prices $500M convertible senior notes offering

Paypal Well-Positioned To Gain Share In COVID-Related Digital Payments Shift

Digital Banking Battles Will Play Out In Southeast Asias Shopping Cart

Report: Kashkari Says Fed In Holding Pattern But Rate Cut Still Possible

Fed Officials Signal Optimism In US Economy Reiterate Rates Likely On Hold

Euronet Worldwide prices $500M convertible senior notes offering

Euronet Worldwide Inc. priced its private offering of $500 million of 0.75% convertible senior notes.

The electronic payments provider granted initial buyers a 13-day option to purchase up to an additional $25 million of the notes.

Net proceeds will reach about $487.8 million, or about $512.2 million if the initial purchasers fully exercise their overallotment option. Approximately $94.5 million of the net proceeds will be used to fund the repurchase of $49 million of the company's outstanding 1.50% convertible senior notes due 2044. The remainder will be used for general corporate purposes, including the redeeming the company's existing convertible notes, repaying borrowings outstanding under the company's unsecured revolving credit facility, share repurchases or acquisitions.

The notes offering is expected to close March 18, after which the company will redeem the existing convertible notes in whole. The notes may be exchanged for cash and/or Euronet common share or they may be repurchased. Holders of the notes may convert them after the existing convertible notes are called for redemption.

Wells Fargo Securities and BofA Merrill Lynch are the joint book-running managers for the offering.