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...