Brief: MoneyGram Enters Into Agreement To Be Acquired By Madison Dearborn Partners

MoneyGram International

15/02/2022 13:35

Feb 15 (Reuters) - MoneyGram International Inc  MGI.O :
    * MONEYGRAM ENTERS INTO AGREEMENT TO BE ACQUIRED BY MADISON
DEARBORN PARTNERS
    * MONEYGRAM INTERNATIONAL INC - MONEYGRAM SHAREHOLDERS TO
RECEIVE
$11.00 PER SHARE IN CASH
    * MONEYGRAM INTERNATIONAL INC - DEAL FOR AN ALL-CASH
TRANSACTION
VALUED AT APPROXIMATELY $1.8 BILLION
    * MONEYGRAM INTERNATIONAL INC - , UPON CLOSING OF
TRANSACTION MDP
WILL BE REFINANCING OUTSTANDING DEBT, WHICH WAS $799 MILLION AS
OF DECEMBER 31, 2021
    * MONEYGRAM INTERNATIONAL - COMMITTED DEBT FINANCING FOR
TRANSACTION HAS BEEN PROVIDED BY GOLDMAN SACHS & CO. LLC,
DEUTSCHE BANK SECURITIES AND BARCLAYS
    * MONEYGRAM INTERNATIONAL INC - MONEYGRAM WILL BECOME A
PRIVATE
COMPANY AND MONEYGRAM SHARES WILL NO LONGER BE LISTED ON ANY
PUBLIC MARKET
    * MONEYGRAM INTERNATIONAL INC - AGREEMENT INCLUDES A 30-DAY
"GO-SHOP" PERIOD EXPIRING ON MARCH 16, 2022
    * MONEYGRAM INTERNATIONAL INC - EXPECTED THAT MONEYGRAM WILL
CONTINUE TO OPERATE UNDER MONEYGRAM BRAND AND BE LED BY ALEX
HOLMES
    * MONEYGRAM INTERNATIONAL INC - MONEYGRAM WILL MAINTAIN ITS
HEADQUARTERS IN DALLAS, TEXAS.
    * MONEYGRAM INTERNATIONAL INC - CANCELED ITS CONFERENCE CALL
TO
DISCUSS ITS Q4 AND FULL-YEAR 2021 FINANCIAL RESULTS

Source text for Eikon:  ID:nPn2GqzgXa 
Further company coverage:  MGI.O 

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