MoneyGram International Inc. said in a regulatory filing that it has amended a $150 million credit agreement to extend a limited waiver previously granted by the lenders of certain events of default. The default is a result of investment portfolio losses expected to be reflected as impairments in MoneyGram's financial statements at year-end, the St. Louis Park payment services company said in the filing with the Securities and Exchange Commission. The waivers have been extended through May 1, the filing said. MoneyGram announced last month that it was seeking a bailout amid mounting losses on subprime mortgage securities.
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But participants in the annual Investors Roundtable also believe markets will end the year with growth, as President-elect Donald Trump’s policies come into focus and trends like AI continue.
