Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers F > Headlines for First Data Corp. > News item |
First Data will seek loan amendment to extend term loans to 2017
By Sara Rosenberg
New York, Feb. 21 - First Data Corp. will seek an amendment to its senior secured credit facility to extend all or some of its term loan due September 2014 into new dollar- and euro-denominated term loans due March 2017, according to a Tuesday 8-K filing with the Securities and Exchange Commission.
The amendment would also increase the amount of debt that the company can get under its incremental facility option.
As a condition of the amendment, the company must issue senior secured notes in an amount to be determined, and use the proceeds to prepay a portion of eligible 2017 term loans, according to court documents.
The amendment is also subject to majority lender approval.
Credit Suisse Securities (USA) LLC is the left lead bank on the deal, a source remarked.
First Data is a Greenwood Village, Colo., provider of electronic commerce and payment services.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.