MoneyGram rises on share buyback plan, term loan repayment

MoneyGram International

08/11/2021 16:11

** Money transfer co's shares  MGI.O  up 9.6% at $5.75 in
early trading
    ** Co will make a $15 mln voluntary term loan principal
repayment to improve its capital structure and reduce its
outstanding long-term debt balance  urn:newsml:reuters.com:*:nPn28jtxla
    ** MGI's board also authorizes a stock repurchase program of
up to $50 mln of the co's outstanding common stock
    ** Shares up 5.4% YTD

 (Reporting by Sahil Shaw in Bengaluru)
 ((sahil.shaw@thomsonreuters.com))