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MoneyGram International Inc (MGI.OQ)

MGI.OQ on NASDAQ Stock Exchange Global Select Market

2.14USD
22 Mar 2019
Change (% chg)

$-0.11 (-4.89%)
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Volume
82,970
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149,981
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Latest Key Developments (Source: Significant Developments)

Moneygram International Inc - Co & Units Entered Amendment No. 4 To Amended And Restated Credit Agreement Dated March 28, 2013
Friday, 1 Feb 2019 

Feb 1 (Reuters) - MoneyGram International Inc ::MONEYGRAM INTERNATIONAL INC - CO & UNITS ENTERED AMENDMENT NO. 4 TO AMENDED AND RESTATED CREDIT AGREEMENT DATED MARCH 28, 2013.MONEYGRAM INTERNATIONAL INC - AMENDMENT DECREASES AGGREGATE REVOLVING CREDIT COMMITMENTS FROM $85.8 MILLION TO $45.0 MILLION.MONEYGRAM INTERNATIONAL INC - AMENDMENT INCREASES MAXIMUM SECURED LEVERAGE RATIO FOR Q4 FROM 3.75:1 TO 4.00:1.MONEYGRAM INTERNATIONAL INC - AMENDMENT INCREASES MAXIMUM SECURED LEVERAGE RATIO FOR Q1 FROM 3.50:1 TO 4.25:1.MONEYGRAM INTERNATIONAL INC - REVOLVING CREDIT FACILITY PROVIDED FOR UNDER AMENDED AND RESTATED CREDIT AGREEMENT REMAINS UNDRAWN.MONEYGRAM - AMENDMENT PROVIDES IF CO'S CASH BALANCE EXCEEDS $140.0 MILLION AT END OF ANY MONTH, CO TO USE EXCESS CASH TO PAY OBLIGATIONS LENDERS.  Full Article

Moneygram Says Continues Expansion Of Digital Channels
Tuesday, 27 Nov 2018 

Nov 27 (Reuters) - MoneyGram International Inc ::MONEYGRAM CONTINUES EXPANSION OF DIGITAL CHANNELS.MONEYGRAM - MONEYGRAM.COM PLATFORM IS NOW AVAILABLE IN SEVEN NEW COUNTRIES.  Full Article

MoneyGram Q3 Adjusted Earnings Per Share $0.24
Friday, 9 Nov 2018 

Nov 8 (Reuters) - MoneyGram International Inc ::MONEYGRAM INTERNATIONAL REPORTS THIRD QUARTER 2018 FINANCIAL RESULTS.Q3 LOSS PER SHARE $0.32.Q3 EARNINGS PER SHARE VIEW $0.15 -- THOMSON REUTERS I/B/E/S.Q3 ADJUSTED EARNINGS PER SHARE $0.24.Q3 REVENUE $347.2 MILLION VERSUS I/B/E/S VIEW $378.7 MILLION.THE COMPANY IS REVISING ITS FULL YEAR ESTIMATES FOR 2018.FY 2018 REVENUE IS EXPECTED TO DECLINE APPROXIMATELY 10 PERCENT ON A CONSTANT CURRENCY BASIS.FY 2018 ADJUSTED EBITDA IS EXPECTED TO DECLINE APPROXIMATELY 15 PERCENT ON A CONSTANT CURRENCY BASIS.FY2018 REVENUE VIEW $1.52 BILLION -- THOMSON REUTERS I/B/E/S.  Full Article

FTC Says Moneygram Agreed To Expanded & Modified Order That Will Supersede 2009 Order
Thursday, 8 Nov 2018 

Nov 8 (Reuters) - Federal Trade Commission::FEDERAL TRADE COMMISSION - MONEYGRAM AGREED TO AN EXPANDED & MODIFIED ORDER THAT WILL SUPERSEDE 2009 ORDER, APPLY TO MONEY TRANSFERS WORLDWIDE.FEDERAL TRADE COMMISSION - MODIFIED ORDER REQUIRES, AMONG OTHER THINGS, THAT MONEYGRAM BLOCK MONEY TRANSFERS OF KNOWN FRAUDSTERS.FTC - MONEYGRAM AGREED TO MODIFIED ORDER WHICH INCLUDES ENHANCED DUE DILIGENCE, INVESTIGATIVE, & DISCIPLINARY REQUIREMENTS.FTC - MODIFIED ORDER REQUIRES MONEYGRAM PROVIDE REFUNDS TO FRAUD VICTIMS IN CIRCUMSTANCES WHERE ITS AGENTS FAIL TO COMPLY WITH APPLICABLE POLICIES.  Full Article

MoneyGram Reaches Agreements With U.S. DOJ And Federal Trade Commission
Thursday, 8 Nov 2018 

Nov 8 (Reuters) - MoneyGram International Inc ::MONEYGRAM REACHES AGREEMENTS WITH DEPARTMENT OF JUSTICE AND FEDERAL TRADE COMMISSION.WILL AMEND AND EXTEND ITS DEFERRED PROSECUTION AGREEMENT WITH DOJ FOR 30 MONTHS.COMPANY ALSO AGREED TO A FORFEITURE OF $125 MILLION WHICH FEDERAL GOVERNMENT WILL MAKE AVAILABLE TO VICTIMS OF CONSUMER FRAUD.WILL MODIFY ITS CONSENT ORDER WITH FTC.WILL CONTINUE TO RETAIN AN INDEPENDENT COMPLIANCE MONITOR.AGREED TO IMPLEMENT ADDITIONAL AGENT OVERSIGHT AND COMPLIANCE PROGRAM ENHANCEMENTS.  Full Article

MoneyGram Launches Money Transfer Service To All Mobile Wallets In Ghana
Thursday, 13 Sep 2018 

Sept 13 (Reuters) - MoneyGram International Inc ::MONEYGRAM LAUNCHES MONEY TRANSFER SERVICE TO ALL MOBILE WALLETS IN GHANA.MONEYGRAM - CO, ZEEPAY ANNOUNCED NEW PARTNERSHIP ENABLING CUSTOMERS AROUND WORLD TO SEND MONEY DIRECTLY TO MORE THAN 11 MILLION MOBILE WALLETS IN GHANA.  Full Article

Moneygram International Reports Q2 Adj. Earnings $0.21/Shr
Friday, 3 Aug 2018 

Aug 3 (Reuters) - MoneyGram International Inc ::MONEYGRAM INTERNATIONAL REPORTS SECOND QUARTER 2018 FINANCIAL RESULTS.Q2 EARNINGS PER SHARE $0.03.Q2 EARNINGS PER SHARE VIEW $0.16 -- THOMSON REUTERS I/B/E/S.Q2 REVENUE $374.6 MILLION VERSUS I/B/E/S VIEW $387.9 MILLION.Q2 ADJUSTED EARNINGS PER SHARE $0.21.MONEYGRAM INTERNATIONAL QTRLY MONEYGRAM.COM REVENUE GREW 17% PRIMARILY FROM NEW CUSTOMER ACQUISITIONS.ESTIMATES FULL YEAR 2018 CONSTANT CURRENCY REVENUE TO DECLINE BETWEEN 4% AND 6%.MONEYGRAM INTERNATIONAL - QTRLY DIGITAL REVENUE REPRESENTED 16% OF TOTAL MONEY TRANSFER REVENUE.FULL YEAR 2018 ADJUSTED EBITDA ON A CONSTANT CURRENCY BASIS IS EXPECTED TO DECLINE BETWEEN 8% AND 10%.COMPANY INCURRED $5.5 MILLION OF RESTRUCTURING EXPENSES IN Q2.EXPECTS TO SPEND AN ADDITIONAL $3 TO $5 MILLION OVER LIFE OF PROGRAM.MONEYGRAM INTERNATIONAL - EXPECTS EFFICIENCIES WILL RESULT IN $30 MILLION OF EXPENSE REDUCTIONS IN 2018.  Full Article

MoneyGram And Grupo Elektra Extend Partnership In Mexico
Wednesday, 1 Aug 2018 

Aug 1 (Reuters) - MoneyGram International Inc ::MONEYGRAM AND GRUPO ELEKTRA EXTEND PARTNERSHIP IN MEXICO.MONEYGRAM - CO, GRUPO ELEKTRA, HAVE EXTENDED THEIR AGREEMENT TO PROVIDE MONEY TRANSFER SERVICES INSIDE ELEKTRA LOCATIONS IN MEXICO THROUGH 2021.  Full Article

MoneyGram Launches Online Platform In Five New Countries
Wednesday, 18 Jul 2018 

July 18 (Reuters) - MoneyGram International Inc ::MONEYGRAM - LAUNCH OF ONLINE PLATFORM IN FIVE NEW COUNTRIES.  Full Article

Moneygram And Uk Post Office Extend Long-Term Partnership
Tuesday, 10 Jul 2018 

July 10 (Reuters) - MoneyGram International Inc ::MONEYGRAM AND UK POST OFFICE EXTEND LONG-TERM PARTNERSHIP.MONEYGRAM INTERNATIONAL - CO & POST OFFICE LTD EXTENDED AGREEMENT TO PROVIDE MONEY TRANSFER SERVICES INSIDE UK POST OFFICE LOCATIONS THROUGH 2021.  Full Article

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Breakingviews - Ant steps around China tech backlash into Europe

HONG KONG (Reuters Breakingviews) - Ant Financial has taken a big step into Europe amid a global backlash against Chinese technology. Jack Ma's $150 billion payments-to-wealth management group has snapped up WorldFirst in the UK. The deal, which comes a year after a failed bid for U.S.-based MoneyGram, revives Ant's overseas push. But heightened European anxiety about China suggests future acquisitions may not be so easy to close.