05:11 PM EDT, 08/29/2024 (MT Newswires) -- International Money Express ( IMXI ) said late Thursday it has refinanced its debt through a new $425 million revolving credit facility maturing in 2029.

The new agreement represents a $133 million increase in credit availability at improved spreads, the company said.

The firm also said its board approved an added authorization in share buyback plan, bringing the total authorization to $100 million from the $39.4 million remaining at the end of Q2. The board approved repurchases of up to $20 million in each of Q3 and Q4.