First Data announces extension of $295 million term loan borrowings

By Sara Rosenberg

New York, Aug. 20 - First Data Corp. completed the extension of about $295 million of its term loans to March 24, 2017 from 2014, according to an 8-K filed with the Securities and Exchange Commission on Monday.

Pricing on the extended U.S. and euro term loan debt is Libor plus 500 basis points.

Credit Suisse is the administrative agent on the deal.

The amendment and extension closed on Aug. 16.

First Data is an Atlanta-based electronic commerce and payment processing company.

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