HOUSTON - (03/11/04) -- Cartronics Inc., the nation'slargest independent owner of ATMs, said Wednesday it plans to raiseup to $115 million with an initial public offering of stock. TheCardtronics fleet of 12,000 ATMs in all 50 states is a mainstay forthe credit union movement, which use them through both Credit Union24 and the fledgling Allpoint networks. Proceeds form the offeringwill be used to pay off debt, including the redemption of $22.2million in preferred shares, and the retirement of $31.4 million indebt.
Processing Content
