International Money Express, Inc. Secures $425 Million Credit Facility
International Money Express, Inc. (IMXI)
Last international money express, inc. earnings: 4/30 04:15 pm
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Source: GlobeNewswire
MIAMI, Aug. 29, 2024 (GLOBE NEWSWIRE) -- International Money Express, Inc. (NASDAQ: IMXI), (“Intermex” or the “Company”) a leading, omni-channel money remittance company, is pleased to announce the successful refinancing of its existing secured debt through the establishment of a new $425 million revolving credit facility. The new credit agreement provides for U.S. Dollar, Euro, and Pound Sterling revolving loans and creates an uncommitted incremental credit facility that may be used for additional term or revolving loans of up to $100 million in the aggregate. The new revolving credit facility, maturing in 2029, bears an interest rate equal to SOFR plus 175 to 225 basis points based on the Company’s total leverage ratio. The new agreement represents a $133 million increase in credit availability at improved spreads over SOFR. The covenants under the new revolving facility also provide the Company with increased operational flexibility, including expanded capacity for share repurch
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IMXI
News
- International Money Express, Inc. to Host Investor Day February 26, 2025 [Yahoo! Finance]Yahoo! Finance
- International Money Express, Inc. to Host Investor Day February 26, 2025GlobeNewswire
- International Money Express, Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions [Yahoo! Finance]Yahoo! Finance
- International Money Express, Inc. (NASDAQ: IMXI) had its price target raised by analysts at Needham & Company LLC from $22.00 to $25.00. They now have a "buy" rating on the stock.MarketBeat
- International Money Express, Inc. (NASDAQ: IMXI) had its price target raised by analysts at BMO Capital Markets from $27.00 to $30.00. They now have an "outperform" rating on the stock.MarketBeat
IMXI
Earnings
- 11/8/24 - Beat
IMXI
Sec Filings
- 11/8/24 - Form 8-K
- 11/8/24 - Form 10-Q
- 10/3/24 - Form 4
- IMXI's page on the SEC website