MINNEAPOLIS, Jun 30, 2010 (BUSINESS WIRE) — MoneyGram International /quotes/comstock/13*!mgi/quotes/nls/mgi (MGI 2.49, +0.08, +3.43%) , a global leader in the payment services industry, announces it will make an optional $30 million prepayment on its tranche B term loan under the senior secured credit facility. The loan payment will be made today, Wednesday, June 30, 2010.
Including this latest payment, MoneyGram International will have paid $247 million toward its outstanding debt obligation. This represents a 25 percent decrease in the company’s total outstanding debt since Jan. 1, 2009.
About MoneyGram International
MoneyGram International offers more choices for people separated by distance or with limited bank relationships to meet their financial needs. A leading global payment services company, MoneyGram International helps consumers to pay bills quickly and safely send money around the world in as little as 10 minutes. Its global network is comprised of 200,000 agent locations in nearly 190 countries and territories. MoneyGram’s convenient and reliable network includes retailers, international post offices and financial institutions. Now, MoneyGram offers its most loyal customers MoneyGram Rewards for cash discounts on eligible money transfers from the U.S. — visit www.mymoneygram.com to register today. To learn more about money transfer or bill payment at an agent location or online, please visit www.moneygram.com.
SOURCE: MoneyGram International
Lynda Michielutti, 952-591-3846
Alex Holmes, 720-568-8703
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