DirectCash Payments Completes $375M Financing Agreement

DirectCash Payments Inc. (TSX:DCI) (“DirectCash”) completed a $375 million financing agree-ment comprising $115 million, five-year committed, revolving credit facility, including an AU$16,566,900 Australian Tranche; $85 million, five-year, non-revolving term loan, including an AU$12,245,100 Australian Tranche; $50 million, one-year non-revolving equity bridge loan; and $125 million, one-year non revolving high yield bond bridge loan. Bank of Montreal acted as Lead Arranger, Sole Bookrunner and Administrative Agent for the Lenders which included Bank of Montreal, The Bank of Nova Scotia, Alberta Treasury Branches, Raymond James Finance Company of Canada Ltd., National Australia Bank Limited, and CIT Financial Ltd.

DirectCash, headquartered in Calgary, is the leading provider of ATMs, debit terminals, prepaid phone cards and prepaid cash cards in Canada.

The proceeds were used for the payout of existing debt, complete acquisition of Custom-ers Limited (Australia's largest independent operator of ATMs) and for general corporate purposes.

Fraser Milner Casgrain LLP acted for Bank of Montreal with a team that in-cluded Joe Palin, Trevor Morawski and Kealy Lambert in Calgary, Jennifer Dezell in Van-couver, Heidi Clark in Toronto and Jean-Sébastien Dugas in Montreal.

Clayton Utz acted as Australian counsel to the Lenders with a team that in-cluded Paul Gatward, Maria Ratner and Axel Sukianto.

Theo Kindynis at Minter Ellison acted as counsel to National Australia Bank Li-mited.

DirectCash was represented by Burnet, Duckworth & Palmer LLP in Canada, with a team that included John Wilmot, Christie Martin and Nancy Smith, and by Ashurst in Australia, with a team that included Brenton Key, Aimie Killeen and Brendan Macreadie.


Jennifer D.S. Dezell John A. Wilmot Jean-Sébastien Dugas Trevor Q. Morawski Heidi Clark Nancy D. Smith Christie Martin Kealy A. Lambert Joseph Palin


Dentons Canada LLP Clayton Utz Minter Ellison Burnet, Duckworth & Palmer LLP Ashurst LLP