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MoneyGram International decreases revolving credit commitments to $125M

MoneyGram International Inc. and certain of its subsidiaries amended the credit agreement with Bank of America NA to decrease the revolving credit commitments to $125 million from $150 million from Dec. 12, 2016, to March 27, 2018.

The amendment extended the maturity date of the revolving credit commitments of the existing lenders, representing $85.8 million of commitments, to Sept. 28, 2019, from March 28, 2018. The amendment also increased the maximum secured leverage ratio, effective in the first quarter of 2017.

Bank of America NA acts as LC issuer, swing line lender, administrative agent and collateral agent for the credit agreement.