HOUSTON, July 1, 2004 (PRIMEZONE) -- Cardtronics, Inc. ("Cardtronics") announced the closing of a new $180 million credit facility, which was arranged by BNP Paribas and Bank of America, N.A. Other lenders in the facility include Southwest Bank of Texas, N.A., Wells Fargo Bank, N.A., Compass Bank, General Electric Credit Corporation, JP Morgan Chase Bank, and Wachovia Bank N.A. Approximately $136 million was drawn on the facility at closing to fund the acquisition described below and to repay existing debt.
Cardtronics also announced that it has completed the closing on the agreement announced June 3, 2004 to acquire the ATM business of E-TRADE Access, Inc., a subsidiary of E-TRADE FINANCIAL Corporation. The transaction includes approximately 13,200 active ATMs and related placement agreements, of which 2,300 are owned and 10,900 are managed. The acquisition brings the number of ATM machines Cardtronics owns and/or manages from approximately 12,000 to over 25,000.
About CARDTRONICS
Founded in 1989 and headquartered in Houston, Texas, Cardtronics has a network of over 25,000 ATMs operating in all 50 states. Major retail and petroleum merchant-clients include Albertson's, Amerada Hess, Circle K, Chevron, CVS/pharmacy, Duane Reade, ExxonMobil, Mills Malls, Sunoco, Target, Uni-Mart, Walgreens and Winn Dixie. For more information about Cardtronics, visit the website at www.cardtronics.com
About E-TRADE FINANCIAL
The E-TRADE FINANCIAL family of companies provide financial services including brokerage, banking and lending for retail, corporate and institutional customers. Securities products and services are offered by E-TRADE Securities LLC (Member NASD/SIPC). Bank and lending products and services are offered by E-TRADE Bank, a Federal savings bank, Member FDIC, or its subsidiaries.
Note to Editors: The hyphen in E-TRADE is actually an asterisk.
The Cardtronics logo is available at http://www.primezone.com/newsroom/prs/?pkgid=991