Cardtronics acquires Access to Money
Houston — ATM owner Cardtronics said Wednesday it has completed its acquisition of Access to Money, an operator of merchant-owned ATMs and provider of cash machines to two major multi-unit retailers.
“We anticipate an efficient and seamless integration of Access to Money’s operations," said Steve Rathgaber, CEO, Cardtronics.
Citi Trends secures new credit facility
Savannah, Ga. — Citi Trends said Wednesday it has secured a new, five-year, $50 million credit facility through Bank of America to replace its prior $20 million credit facility.
The new facility includes a $25 million uncommitted “accordion” feature that under certain circumstances could allow the company to increase the size of the facility to $75 million.
Gordmans names former Charming Charlie, Macy’s exec as COO
Omaha, Neb. — Apparel and home fashions retailer Gordmans Stores said Wednesday it has named Michael Wirkkala as executive VP operations and COO.
Wirkkala was previously VP of store operations for Charming Charlie. He also worked for Macy’s for three decades.