Euronet Worldwide Enters New Debt Agreement

TL;DR

Euronet just signed a new deal for its 2026 notes, adding to its debt obligations.

AI Summary

On December 17, 2024, Euronet Worldwide, Inc. entered into a material definitive agreement related to its 3.75% Senior Notes due 2026. This agreement also creates a direct financial obligation for the company. The filing includes financial statements and exhibits.

Why It Matters

This filing indicates a new financial obligation for Euronet Worldwide, Inc., potentially impacting its debt structure and financial flexibility.

Risk Assessment

Risk Level: medium — The creation of a new financial obligation and material definitive agreement introduces potential risks related to debt covenants, interest rates, and repayment terms.

Key Numbers

• 3.75% — Senior Notes Interest Rate (Interest rate on the Senior Notes due 2026)

Key Players & Entities

• Euronet Worldwide, Inc. (company) — Filer of the 8-K report
• 3.75% Senior Notes due 2026 (dollar_amount) — Financial obligation related to the agreement
• December 17, 2024 (date) — Date of the earliest event reported

FAQ

Key Financial Figures

• $1.25 billion — reement") to increase the facility from $1.25 billion to $1.9 billion. The Company also exten
• $1.9 billion — ease the facility from $1.25 billion to $1.9 billion. The Company also extended the maturity
• $1.685 billion — lti-currency borrowing tranche totaling $1.685 billion and a USD borrowing tranche totaling $2
• $215 million — on and a USD borrowing tranche totaling $215 million. The amended facility also removes the

Filing Documents

• ea0225157-8k_euronet.htm (8-K) — 36KB
• ea022515701ex10-1_euronet.htm (EX-10.1) — 1700KB
• ea022515701ex99-1_euronet.htm (EX-99.1) — 13KB
• ex99-1_001.jpg (GRAPHIC) — 10KB
• ex99-1_002.jpg (GRAPHIC) — 9KB
• ex99-1_003.jpg (GRAPHIC) — 9KB
• ex99-1_004.jpg (GRAPHIC) — 3KB
• 0001213900-24-110405.txt ( ) — 2268KB
• eeft-20241217.xsd (EX-101.SCH) — 3KB
• eeft-20241217_def.xml (EX-101.DEF) — 26KB
• eeft-20241217_lab.xml (EX-101.LAB) — 36KB
• eeft-20241217_pre.xml (EX-101.PRE) — 25KB
• ea0225157-8k_euronet_htm.xml (XML) — 5KB

01. Entry into a Material Definitive Agreement

Item 1.01. Entry into a Material Definitive Agreement. On December 17, 2024, Euronet Worldwide, Inc. (the "Company") amended its existing unsecured revolving Credit Agreement (the "Agreement") to increase the facility from $1.25 billion to $1.9 billion. The Company also extended the maturity date by five years from December 17, 2024 to December 17, 2029. The amended credit facility includes a multi-currency borrowing tranche totaling $1.685 billion and a USD borrowing tranche totaling $215 million. The amended facility also removes the credit spread adjustment on SOFR and SONIA borrowings. All other terms remain substantially the same as the Company's prior credit facility. The Agreement contains customary affirmative and negative covenants, events of default and financial covenants, including (all as defined in the Agreement): (i) a Consolidated Total Leverage Ratio, depending on certain circumstances defined in the Agreement, not to exceed a range between 3.5 to 1.0 and 4.5 to 1.0; and (ii) a Consolidated Interest Coverage Ratio of not less than 3.0 to 1.0. The above description of the Agreement is a summary and does not purport to be complete and is subject to, and qualified in its entirety by, the full text of the Agreement which is attached hereto as Exhibit 10.1 and incorporated herein by reference.

03. Creation of a Direct Financial Obligation or an Obligation

Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information set forth above under Item 1.01 of this Current Report on Form 8-K is hereby incorporated by reference into this Item 2.03.

01. Regulation FD Disclosure

Item 7.01. Regulation FD Disclosure. On December 17, 2024, the Company issued a press release announcing the signing of the Agreement. A copy of the press release is attached as Exhibit 99.1 hereto and is incorporated herein by reference. The information in Exhibit 99.1 is being furnished and shall not be deemed to be "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

01. Financial Statements and Exhibits

ITEM 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description 10.1 Second Amended and Restated Credit Agreement dated December 17, 2024 99.1 Press Release of Euronet Worldwide, Inc. dated December 17, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 1

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Euronet Worldwide, Inc. By: /s/ Adam Godderz Adam Godderz General Counsel and Secretary Date: December 19, 2024 2 INDEX TO EXHIBITS Exhibit Number Description 10.1 Second Amended and Restated Credit Agreement dated December 17, 2024 99.1 Press Release of Euronet Worldwide, Inc. dated December 17, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 3

View Full Filing

View this 8-K filing on SEC EDGAR