Euronet buys back $5 million 12 3/8% bonds

New York, March 24 - Euronet Worldwide, Inc. said it bought back $5.0 million of its $43.5 million of outstanding 12 3/8% senior discount bonds.

The Leawood, Kan. processor of secure electronic financial transactions repurchased the debt at par.

Funding for the buyback came from cash collateral for letters of credit released when Euronet obtained a new $10 million two-year unsecured revolving credit agreement with Bank of America.

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