08:02 AM EDT, 08/13/2025 (MT Newswires) -- Euronet Worldwide ( EEFT ) said Wednesday that it plans to raise $850 million in a private placement of convertible senior notes due 2030 with institutional buyers.

The company said it plans to grant the initial purchasers of the notes an option to purchase, for settlement during the 13-day period, up to an additional $150 million in aggregate principal amount of the notes.

Euronet ( EEFT ) said the net proceeds from the offering will be used to repay borrowings outstanding under its existing unsecured revolving credit facility.

The company also said it plans to use up to $175 million of cash on hand to repurchase shares of its common stock.

Shares of the company were down more than 5% in recent Wednesday premarket activity.