Cardtronics, a global ATM owner/operator, completed its acquisition of DirectCash Payments, an ATM services provider with primary operations in Australia, Canada and the UK.

To support the acquisition, Cardtronics entered into a fourth amendment to the amended and restated credit agreement, dated April 24, 2014, with JPMorgan Chase as administrative agent, J.P. Morgan Europe as alternative currency agent, Bank of America as syndication agent and Wells Fargo as documentation agent.

Pursuant to the amendment, the total commitments of the lenders under the revolving credit facility were increased from $375 million to $600 million. Following the increase, an accordion provision to increase the commitments was removed.

Cardtronics acquired all of the outstanding equity of DCPayments for C$19.00 ($14.34) per share in cash, and repaid DCPayments’ third-party indebtedness, representing a transaction value of approximately $464 million in U.S. dollars, net of estimated cash acquired and excluding transaction-related costs. Cardtronics funded the DCPayments acquisition with borrowings under its amended revolving line of credit as well as cash on hand.

RBC Capital Markets served as financial advisor, and Baker & McKenzie was legal counsel to Cardtronics. BMO Capital Markets served as financial advisor to DCPayments and Bennett Jones was legal counsel.

DCPayments adds approximately 25,000 ATMs to Cardtronics’ global portfolio.