Dollar Financial Corp (DLLR) announced that its intent to seek an amendment and extension of the terms for its revolving credit facilities and its $286.2 million of term loans in Canada and $83.5 million of term loans in the United Kingdom.
As part of the amendment, the company is seeking modified covenant terms, which would provide it with increased flexibility to continue to take advantage of opportunities to further expand its global footprint and diversified business model.
The company said that the amendment would also allow the extension of the maturity dates of a portion of its credit facilities to December 2014.
Separately, Dollar Financial announced that it intends to offer through its indirect wholly owned subsidiary National Money Mart Company, $250 million of senior unsecured notes in a private offering.
The company intends to use a portion of offering net proceeds to finance acquisition by its wholly owned subsidiary, Dollar Financial Group, Inc., of Military Financial Services, LLC. The company expects to commence and consummate the offering in December 2009.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.