Cardtronics, Inc. -- Moody's lowers Cardtronics' Speculative Grade Liquidity Rating to SGL-2

New York, July 24, 2014 -- Moody's Investors Service lowered Cardtronics, Inc. ("Cardtronics") Speculative Grade Liquidity ("SGL") rating to SGL-2 from SGL-1, reflecting the company's weakened, albeit still good liquidity profile as a result of the planned acquisition of Welch ATM ("Welch"). Cardtronics' Ba2 CFR and other ratings remain unaffected by this transaction and the outlook is stable. The SGL rating was lowered as a result of the company's recent communication that it is using a significant portion of its liquidity (per management -- $120 million of pro forma balance sheet cash as of June 30, 2014 and $40 million of revolver borrowings) to fund the acquisition.

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