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Euronet Worldwide secures $1B credit facility

Euronet Worldwide Inc. on Oct. 17 said that it secured a new, five-year $1 billion senior unsecured revolving credit facility with a syndicate of domestic and international financial institutions.

The previous senior secured facility of $675 million was terminated, effective the same date.

The new credit facility includes additional commitments from both new and existing lenders. Additionally, the new credit facility eliminates security requirements, moves Euronet from a leverage-based pricing grid to a ratings-based pricing grid and expands its multicurrency borrowing capabilities.