On March 7, 2011, MoneyGram entered into a Recapitalization Agreement with THL, as the holder of all of the B Stock, and Goldman Sachs, as the holder of all of the B-1 Stock. In the city of San Salvador representatives of MoneyGram and Citibank announced a new regional project, which will provide money transfer services in Costa Rica, El Salvador, Guatemala, Honduras and Nicaragua. MoneyGram offers an efficient, fast and secure way to send money around the world. The benefits of money transfers by MoneyGram: branching of network of the implementation of transfers across the world. MoneyGram completed the rollout of simplified pricing for money transfer services in the U.S., an initiative that began last year.