First Data Announces Intent to Enter into Transactions to Extend the Maturity of Certain of Its Term Loans Due 2018

NEW YORK--(BUSINESS WIRE)--Mar. 21, 2016-- First Data Corporation (“First Data”) (NYSE: FDC) today announced that it intends to seek to enter into one or more refinancing transactions to extend the maturity of a portion of its outstanding U.S. dollar denominated term loans due March 2018. Approximately $4.6 billion of First Data’s U.S. dollar denominated term loans due March 2018 are outstanding as of the date of this press release, with such outstanding amount expected to be reduced to approximately $3.7 billion after giving effect to expected prepayments from the proceeds of First Data’s previously announced and priced offering...