Global Axcess secures funds for DVD kiosk and ATM growth

Global Axcess secures funds for DVD kiosk and ATM growth
June 20, 2010

The Jacksonville Business Journal reports that Global Axcess Corp., an independent provider of self-service kiosks, said it was borrowing $17 million from Fifth Third Bank to condense the cost of debt and broaden the company's projected growth in both the ATM and DVD kiosk business lines.

It is also expected that this agreement will reduce the company's debt cost by approximately one quarter over the next couple of years.