MoneyGram 2007 Annual Report Download - page 15

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Table of Contents
Daniel J. O'Malley, age 43, has served as Senior Vice President, Global Payment Systems/ President Americas of MoneyGram since
April 2007. Mr. O'Malley previously served as Vice President, Global Payment Systems/Americas from April 2003 to April 2007, Vice
President, Customer Service from June 1999 to April 2003, Director, Operations from October 1996 to June 1999, Regulatory Project
Manager from September 1995 to October 1996, Manager of the Southeast Processing Center of Travelers from April 1989 to September
1995 and Coordinator of the Southeast Processing Center of Travelers since joining the Company in June 1988. Prior to joining the
Company, Mr. O'Malley held various operations positions at NCNB National Bank and Southeast Bank N.A. from 1983 to 1988.
William J. Putney, age 45, has served as Executive Vice President, Chief Investment Officer of MoneyGram since November 2005.
Mr. Putney previously served as Vice President, Chief Investment Officer of MoneyGram from June 2004 to November 2005 and as Vice
President, Chief Investment Officer of Travelers from 1996 to 2004. Mr. Putney joined the Company in 1993, serving as Portfolio
Manager. Prior to joining the Company, Mr. Putney held positions as a trader, investment analyst and portfolio manager.
Cindy J. Stemper, age 50, has served as Executive Vice President, Human Resources and Corporate Services of MoneyGram since
November 2006. Ms. Stemper previously served as Executive Vice President, Human Resources and Facilities of MoneyGram from
November 2005 to November 2006, Vice President of Human Resources and Facilities of MoneyGram from June 2004 to November
2005 and Vice President of Human Resources at Travelers from 1996 to June 2004. Ms. Stemper joined the Company in 1984 and served
in positions of increasing responsibility from 1984 to 1996.
Available Information
Our principal executive offices are located at 1550 Utica Avenue South, Minneapolis, Minnesota 55416 and our telephone number is
(952) 591-3000. Our website address is www.moneygram.com. We make our reports on Forms 10-K, 10-Q and 8-K, Section 16 reports
on Forms 3, 4 and 5, and all amendments to those reports, available electronically free of charge in the Investor Relations section of our
website as soon as reasonably practicable after they are filed with or furnished to the Securities and Exchange Commission (the "SEC").
Item 1A. RISK FACTORS
Various risks and uncertainties could affect our business. Any of the risks described below or elsewhere in this Annual Report on
Form 10-K or our other filings with the SEC could have a material impact on our business, financial condition or results of operations.
RISK FACTORS
The substantial dividends payable on our newly issued preferred stock and our increased debt service, together with significant debt
covenant requirements, could impair our financial condition and adversely affect our ability to operate and grow our business.
On March 25, 2008, we closed a transaction with affiliates of Thomas H. Lee Partners, L.P. ("THL") and affiliates of Goldman, Sachs &
Co. ("Goldman Sachs") (collectively, the "Investors") pursuant to which we received a substantial infusion of both equity and debt capital
(the "Capital Transaction"). The equity component consisted of the sale of 760,000 shares, in aggregate, of Series B Participating
Convertible Preferred Stock to THL (the "Series B Preferred") and non-voting Series B-1 Participating Convertible Preferred Stock to
Goldman Sachs (the "Series B-1 Preferred") (collectively, the "Series B Stock") for an aggregate purchase price of $760.0 million. In
addition, Goldman Sachs provided debt financing of $500.0 million at an annual interest rate of 13.25 percent, which increases to a rate
of 15.25 percent if interest is accrued. This debt is non-redeemable for five years, except with substantial premiums, and thus we have
only a limited opportunity to refinance this debt to obtain more favorable terms. In addition, the Company has secured additional term
debt of $250.0 million under an amendment and restatement of our existing credit facility.
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