Dallas-based MoneyGram International, Inc. could be exploring a sale, among other strategic options, as it attempts to restructure debt, according to a report from Reuters.
The report noted that MoneyGram's debt of $902.8 million comes due next year and that the company hopes to extend the maturity on that loan. MoneyGram (Nasdaq: MGI) also has an $80 million undrawn line of credit.
Sources told Reuters that the money transfer firm "is seeking to gain more time to meet the terms of that covenant,…
