By Paul A. Harris
Portland, Ore., Oct. 24 – Alliance Data Systems Corp. priced an upsized $500 million issue of 5 7/8% five-year senior notes on Monday, according to a company press release.
The issue size was increased from $400 million.
The Plano, Texas-based provider of data-driven marketing and loyalty solutions plans to use the proceeds to pay down its revolving credit facility and for general corporate purposes.
| Issuer: | Alliance Data Systems Corp.
|
| Amount: | $500 million, increased from $400 million
|
| Maturity: | 2021
|
| Securities: | Senior notes
|
| Coupon: | 5 7/8%
|
| Trade date: | Oct. 24
|
| Settlement date: | Oct. 27
|
| Distribution: | Rule 144A and Regulation S
|
| Marketing: | Quick to market
|
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