Attached files

file filename
8-K - FORM 8-K - CARDTRONICS INCh75739e8vk.htm
EX-4.2 - EX-4.2 - CARDTRONICS INCh75739exv4w2.htm
EX-4.1 - EX-4.1 - CARDTRONICS INCh75739exv4w1.htm
EX-99.1 - EX-99.1 - CARDTRONICS INCh75739exv99w1.htm
Exhibit 5.1
(VINSON & ELKINS LOGO)
August 26, 2010
Cardtronics, Inc.
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,
 
   
/s/ Vinson & Elkins L.L.P.      
Vinson & Elkins L.L.P.