First Data Announces Lenders' Affirmative Responses to Refinance Its Remaining US Dollar Term Loans Due March 2018

NEW YORK--(BUSINESS WIRE)--Mar. 25, 2016-- First Data Corporation (“First Data”) (NYSE: FDC) today announced that it has received affirmative responses from new and existing lenders to provide approximately $3.7 billion of term loans due March 2021. This transaction and the expected prepayments from the proceeds of First Data’s previously announced and priced offering of $900 million of its 5.000% Senior Secured Notes due 2024 allows First Data to refinance the remaining approximately $4.6 billion of its U.S. dollar denominated term loans due March 2018. The successful completion of this transaction is subject to market and other...