Attached files
file | filename |
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8-K - FORM 8-K - CARDTRONICS INC | h75739e8vk.htm |
EX-4.2 - EX-4.2 - CARDTRONICS INC | h75739exv4w2.htm |
EX-4.1 - EX-4.1 - CARDTRONICS INC | h75739exv4w1.htm |
EX-99.1 - EX-99.1 - CARDTRONICS INC | h75739exv99w1.htm |
Exhibit 5.1
August 26, 2010
Cardtronics, Inc.
3250 Briarpark Drive, Suite 400
Houston, Texas 77042
3250 Briarpark Drive, Suite 400
Houston, Texas 77042
Ladies and Gentlemen:
We have acted as counsel to Cardtronics, Inc., a Delaware corporation (the Company), with
respect to certain legal matters in connection with the registration by the Company under the
Securities Act of 1933 (the Securities Act) of the offer and sale (i) by the Company (the
Offering) of $200,000,000 aggregate principal amount of its 8 1/4% Senior Notes due 2018 (the
Notes), which are fully and unconditionally guaranteed by Cardtronics USA, Inc. (USA),
Cardtronics Holdings, LLC (Holdings) and ATM National, LLC (National and, together with USA and
Holdings, the Subsidiary Guarantors), pursuant to the Underwriting Agreement dated August 12,
2010, among the Company, the Subsidiary Guarantors and the underwriters named therein (the
Underwriting Agreement), and (ii) by the Subsidiary Guarantors of the note guarantees (the Note
Guarantees). The Notes and the Note Guarantees are referred to collectively herein as the
Securities.
The Securities have been offered for sale pursuant to (i) a preliminary prospectus supplement,
filed with the Securities and Exchange Commission (the Commission) pursuant to Rule 424(b) on
August 12, 2010, to a base prospectus dated March 11, 2010 (the Base Prospectus), which base
prospectus was included in a Registration Statement on Form S-3 (Registration No. 333-164395) (the
Registration Statement), which Registration Statement became effective on March 11, 2010, which
preliminary prospectus supplement was supplemented by a pricing term sheet, filed with the
Commission on August 12, 2010, and (ii) a final prospectus supplement, dated August 12, 2010, filed
with the Commission pursuant to Rule 424(b) on August 13, 2010 to the Base Prospectus (the Base
Prospectus, as so amended and supplemented by the final prospectus supplement, the Prospectus).
The Securities are to be issued pursuant to an Indenture (the Base Indenture), dated as of August
26, 2010, among the Company, the Subsidiary Guarantors and Wells Fargo Bank, National Association,
as trustee (the Trustee), as amended and supplemented by the First Supplemental Indenture, dated
as of August 26, 2010, among the Company, the Subsidiary Guarantors and the Trustee (the
Supplemental Indenture and, together with the Base Indenture, the Indenture).
We have examined, among other things, originals or copies, certified or otherwise identified
to our satisfaction, of (i) the Third Amended and Restated Certificate of Incorporation of the
Company and the Second Amended and Restated Bylaws of the Company, (ii) the certificate of
incorporation or certificate of formation, as applicable, and the bylaws or limited liability
company agreement, as applicable, or other organizational documents of each of the Subsidiary
Guarantors, including all amendments thereto, (iii) certain resolutions adopted by the Board of
Directors of the Company, the sole director of USA and the sole member of each of Holdings and
National, in each case, relating to the offer and sale of the Notes and the Note Guarantees and
related matters, (iv) the Registration Statement, (v) the Prospectus, (vi) the Base Indenture and
the Supplemental Indenture and (vii) such other certificates, instruments and documents as we
considered appropriate for purposes of the opinions hereafter expressed. We have also reviewed such
questions of law as we have deemed necessary or appropriate.
As to any facts material to the opinions contained herein, we have made no independent
investigation of such facts and have relied, to the extent that we deem such reliance proper, upon
certificates of public officials and officers or other representatives of the Company and the
Subsidiary Guarantors.
In connection with the opinions set forth below, we have assumed that (i) all information
contained in all documents reviewed by us is true and correct; (ii) all signatures on all documents
examined by us are genuine; (iii) all documents submitted to us as originals are authentic and all
documents submitted to us as copies conform to the originals of those documents; (iv) each natural
person signing any document reviewed by us had the legal capacity to do so; (v) each person signing
in a representative capacity any document reviewed by us had authority to sign in such capacity;
(vi) all Securities will be issued and sold in compliance with applicable federal and state
securities laws and in the manner stated in the Prospectus and the Registration Statement; (vii)
each of the Base Indenture and the Supplemental Indenture will be duly executed and delivered by
the parties thereto in substantially the form reviewed by us or with changes that do not affect the
opinions given hereunder; and (viii) the Underwriting Agreement has been duly authorized and
validly executed and delivered by the underwriters named therein.
Based upon such examination and review and the foregoing assumptions, we are of the opinion
that when (a) the Base Indenture and the Supplemental Indenture have been duly executed and
delivered by the parties thereto and (b) the Notes have been duly executed and issued by the
Company and duly authenticated by the Trustee and paid for by the underwriters as contemplated by
the Underwriting Agreement, (1) the Notes will constitute valid and binding obligations of the
Company, enforceable against the Company in accordance with their terms except as the enforcement
thereof may be limited by bankruptcy, insolvency, reorganization,
moratorium, or similar laws
relating to or affecting enforcement of the rights and remedies of creditors or by general
principles of
equity, and will be entitled to the benefits of the Indenture, and (2) the Note Guarantees
will constitute valid and binding obligations of the Subsidiary Guarantors, enforceable against the
Subsidiary Guarantors in accordance with their terms except as the enforcement thereof may be
limited by bankruptcy, insolvency, reorganization, moratorium, or similar laws relating to or
affecting enforcement of the rights and remedies of creditors or by general principles of equity,
and will be entitled to the benefits of the Indenture.
We express no opinions concerning (i) the validity or enforceability of any provisions
contained in the Indenture that purport to waive or not give effect to rights to notices, defenses,
subrogation or other rights or benefits that cannot be effectively waived under applicable law or
(ii) the enforceability of indemnification provisions to the extent they purport to relate to
liabilities resulting from or based upon negligence or any violation of federal or state securities
or blue sky laws.
The foregoing opinions are limited to the General Corporation Law of the State of Delaware and
the Limited Liability Company Act of the State of Delaware (including the applicable provisions of
the Delaware Constitution and the reported judicial decisions interpreting these laws), the laws of
the State of New York and the federal laws of the United States of America as in effect on the date
hereof, and we undertake no duty to update or supplement the foregoing opinions to reflect any
facts or circumstances that may hereafter come to our attention or to reflect any changes in any
law that may hereafter occur or become effective. We do not express any opinions as to the laws of
any other jurisdiction.
We hereby consent to the filing of this opinion letter as an exhibit to the Current Report on
Form 8-K filed by the Company on even date herewith. In giving this consent, we do not admit that
we are within the category of persons whose consent is required under Section 7 of the Securities
Act and the rules and regulations of the Commission issued thereunder.
Very truly yours, |
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/s/ Vinson & Elkins L.L.P. | ||||
Vinson & Elkins L.L.P. | ||||