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News Jun 26, 2019

MoneyGram International’s $245 Million Term Loan Facility

Shearman & Sterling advised Beach Point Capital Management LP on a $245 million second lien term loan facility for MoneyGram International, Inc. to extend, and/or repay in full, outstanding indebtedness and for general corporate purposes. In connection with the second lien term loan facility, MoneyGram International issued warrants to the second lien lenders exercisable under certain conditions for their common stock.

Headquartered in Dallas, Texas, MoneyGram International, Inc. (NASDAQ: MGI) provides money transfer services worldwide.

The Shearman & Sterling team below was supported by associate Joon Lee (New York–Mergers & Acquisitions).

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