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 seeks repricing of term loan due 2018 at Libor plus 400 bps
By Sara Rosenberg
New York, April 8 - First Data Corp. is asking for commitments by 4 p.m. ET on Tuesday for a repricing of its $1,008,000,000 first-lien term loan B (B1/B+) due September 2018 to Libor plus 400 basis points with no Libor floor from Libor plus 500 bps with no Libor floor, according to a market source.
The repriced loan is being offered at an original issue discount of 99 3/8 to 99 5/8 and has no call protection, the source said.
Credit Suisse Securities (USA) LLC and KKR Capital Markets are leading the deal.
There was no lender call held to launch the repricing.
First Data is a Greenwood Village, Colo.-based 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.