Direct cash Payments completes credit facility revamp 20 August 2015 4:19PM Bernard Kellerman DirectCash Payments, the largest branded ATM provider in Canada and Australia, said it had successfully refinanced and amended its C$115 million five-year revolving credit facility. As at 30 June, the Toronto-listed company reported it had drawn about C$47 million.This funding is provided by a syndicate of four Canadian lenders and one Australian lender. This revolving credit facility includes a C$20.0 million swing-line facility and an A$16.6 million (C$17.225 million) Australian dollar sublimit. One notable change is that DCPayments increased the Australian dollar "sublimit" on this facility. The company said the amended mix of currencies "provides improved cash flow management through better matching of the denomination of cash flows and debt servicing and repayment, in addition to creating a natural hedge between Australian and Canadian currencies". DCPayments' Australian operations were boosted last month when it completed the acquisition of the ATM business of OneCash and DSM Connect. The company reported that under the terms of that deal, completed on 23 July, it paid about C$1.84 million for "approximately 250 ATM locations and related contracts." This was in addition to the fleet of 1300-plus ATMs and related sites in Australia that DCPayments added when it acquired the under-achieving Eze ATM business in October 2014.