MoneyGram Redeems $175 Million of its 13.25% Senior Secured Second Lien Notes; Reports Closing of Secondary Offering
MoneyGram International, Inc. (NYSE: MGI) today announced that it has closed the previously announced underwritten secondary public offering of an aggregate of 9,250,000 shares of MoneyGram's common stock by affiliates and co-investors of Thomas H. Lee Partners, L.P. and affiliates of Goldman, Sachs & Co. at a public offering price of $16.25 per share. The selling stockholders have also granted the underwriters a 30-day option to purchase up to an additional 1,387,500 shares of common stock. MoneyGram did not receive any proceeds from the offering.
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