EEFT Financing

Euronet Worldwide Announces Proposed Private Placement of $850 Million of Convertible Senior Notes

Published August 13, 2025 at 11:07 AM

LEAWOOD, Kan., Aug. 13, 2025 (GLOBE NEWSWIRE) -- Euronet Worldwide, Inc. (“Euronet” or the “Company”) (Nasdaq: EEFT), a leading electronic payments provider, today announced that it intends to offer, subject to market conditions and other factors, $850 million in aggregate principal amount of Convertible Senior Notes due 2030 (the “notes”) in a private placement (the “offering”) to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). Euronet also intends to grant the initial purchasers of the notes an option to purchase, for settlement during the 13-day period beginning on, and including, the date on which the notes are first issued, up to an additional $150 million in aggregate principal amount of the notes.

Related Questions

How will the issuance of $850M in convertible senior notes affect Euronet's capital structure and dilution risk? What is the expected conversion price and how does it compare to the current stock price and implied valuation? What are the terms of the conversion feature (e.g., conversion ratio, reset provisions, call/put options) and how might they impact future earnings? How will the additional $150M option to purchase more notes influence the supply of convertible securities and potential upside/downside for shareholders? What is the market's perception of the credit risk associated with the notes maturing in 2030, and how might that affect the yield spread? How does this private placement compare to recent financing activities by peer electronic payments companies in terms of size, pricing, and structure? What impact will the proceeds from the note sale have on Euronet's growth initiatives, debt repayment, or liquidity position? Will the convertible notes issuance trigger any covenants or restrictions that could affect future financing or operational flexibility? How might the offering influence short‑term trading volume and volatility in EEFT's stock? What are the potential tax and accounting implications of the convertible note issuance for Euronet and its investors?