Subsequent Events

3 Months Ended

Mar. 31, 2017

Subsequents Events

Subsequent Events

(19) Subsequent Events

$300.0 Million 5.50% Senior Notes Due 2025

On April 4, 2017, in a private placement offering, Cardtronics Delaware and Cardtronics USA, Inc. (the “2025 Notes Issuers”) issued the $300.0 million principal amount 2025 Notes pursuant to an indenture dated April 4, 2017 among the 2025 Notes Issuers, Cardtronics plc and certain of its subsidiaries, as guarantors, and Wells Fargo Bank, National Association, as trustee. The net proceeds received from the 2025 Notes were used to repay approximately $295.0 million of the outstanding borrowings under the Company’s revolving credit facility that were used to fund the acquisition of DCPayments.

Also on April 4, 2017, the Company entered into the Fifth Amendment to the Credit Agreement. Pursuant to the Fifth Amendment, the total commitments of the lenders under the revolving credit facility were decreased from $600.0 million to $400.0 million. The revolving credit facility was also amended to include an accordion provision enabling an additional potential borrowing capacity of approximately $100.0 million under certain conditions. For additional information, see Note 8. Long-term Debt.