TORONTO (S&P Global Ratings) Feb. 16, 2022--S&P Global Ratings today said that MoneyGram International Inc.'s (MGI) agreement to be acquired by private equity firm Madison Dearborn Partners (MDP) will likely be neutral to its existing highly leveraged financial risk profile. Under the agreement, funds affiliated with MDP will acquire all outstanding shares of MGI in an all-cash transaction valued at approximately $1.8 billion, including debt. MDP plans to fund the transaction through a combination of $810 million in equity financing, $800 million in senior secured first-lien loan facilities ($700 million term loan and $100 million revolving credit facility), and $500 million in an unsecured senior bridge facility. After closing, MDP will refinance all MGI's outstanding debt. The agreement includes a
