Total revenue in the first quarter of 2011 was $294.0m, compared to $286.5m in the first quarter of 2010.
Global agent locations increased 18% in the first quarter of 2011, over the prior first quarter of 2010 to 233,000.
Money transfer transaction volume increased 14% driven by 17% growth in non-US. sends in the first quarter of 2011 versus prior year.
During the first quarter of 2011, the company entered into a recapitalization agreement with affiliates of Thomas H Lee Partners (THL), THL co-investors, and affiliates of Goldman, Sachs & Co.
MoneyGram chairman and CEO Pamela Patsley said that its been an extremely busy and exciting 2011 for MoneyGram, and clearly the highlight for the quarter was the announcement of the recapitalization agreement and the subsequent completion of the syndication process to secure a new senior credit facility.
