First Data Announces Offering of $500 Million of 5.000% Senior Secured Notes due 2024
NEW YORK--(BUSINESS WIRE)--Mar. 9, 2016--
First Data Corporation (“First Data”) (NYSE: FDC) today announced that
it intends to offer $500 million aggregate principal amount of senior
secured first lien notes due 2024 (the “Notes”), subject to market
conditions. The Notes will be issued under the indenture governing the
$1.0 billion aggregate principal amount of 5.000% Senior Secured Notes
due 2024 that were issued on November 25, 2015 (the “Existing Notes”).
The Notes will form a single series with the Existing Notes. First Data
intends to use the proceeds from the offering of the Notes to repay a
portion of its senior secured te...