We advised on the loan financing and notes offering in connection with the acquisition of MoneyGram International

Davis Polk advised the joint lead arrangers and the administrative agent in connection with a $400 million senior secured term loan facility and a $150 million senior secured revolving credit facility provided to an affiliate of Madison Dearborn Partners in connection with its acquisition of MoneyGram International.

Davis Polk also advised the representative of the initial purchasers on a Rule 144A / Regulation S offering by Mobius Merger Sub of $500 million aggregate principal amount of its 9.000% senior secured notes due 2030. The notes were issued in connection with the above-referenced acquisition. Upon the concurrent closing of the acquisition, MoneyGram International assumed all of Merger Sub’s obligations under the notes.

Madison Dearborn Partners is a U.S.-based private equity investment firm with aggregate capital of approximately $28 billion, focused on investing in business and government software and services, financial and transaction services, healthcare and telecom, media and technology services.

MoneyGram is leading the evolution of digital peer-to-peer payments. With a purpose-driven strategy to mobilize the movement of money, a strong culture of fintech innovation and leading customer-centric capabilities, MoneyGram has grown to serve nearly 150 million people across the globe over the last five years.

The Davis Polk finance team includes partner David Hahn, counsel Bernard Tsepelman and associate Ryan Kashtan. The capital markets team includes partner Shane Tintle, counsel Jacqueline Marino and associate Sierra M. Acosta. All members of the Davis Polk team are based in the New York office.

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