Cardtronics Files Files for IPO
HOUSTON -- Cardtronics, the largest independent deployer of ATMs in the country and the parent firm of the Allpoint ATM network, has filed paper with the Securities and Exchange Commission indicating that it will make an initial public offering of stock.
The offered shares will be sold by Cardtronics and certain stockholders of the company. Cardtronics plans to use the net proceeds to repay indebtedness under its credit facility, for working capital and for other general corporate purposes, the company said. Cardtronics will not receive any proceeds from the sale of shares by selling stockholders.
Deutsche Bank Securities Inc., William Blair & Com-
pany, L.L.C., and Banc of America Securities LLC are the joint book runners for the offering. The number of shares to be offered and the price range for the offering have not yet been determined. The offering will be made only by means of a prospectus, the company added.