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First Data extends $1 billion of U.S. term loan, reprices $1.4 billion
By Sara Rosenberg
New York, Jan. 24 - First Data Corp. extended about $1.01 billion of its U.S. term loan to March 2021 from March 2017, with pricing staying at Libor plus 400 basis points, according to a market source.
In addition, the company repriced about $1.42 billion of its U.S. term loan due March 2017 to Libor plus 350 basis points with no Libor floor from Libor plus 400 bps with no Libor floor, the source said.
The repricing had been talked at Libor plus 325 bps to 350 bps and was offered at par.
Credit Suisse Securities (USA) LLC and KKR Capital Markets are leading the deal.
First Data is a Greenwood Village, Colo.-based provider of electronic commerce and payment services.
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