First Data sets talk in repricing of $4.8 billion first-lien term loan

By Paul A. Harris

Portland, Ore., Oct. 4 – Details surfaced Tuesday on a First Data Corp. effort to reprice $4,368,000,000 and €154 million of first-lien term loans due March 24, 2021 (Ba3/BB), according to a market source.

Both tranches are talked at 300 basis points to 325 bps over Libor and Euribor, respectively. Both are set to price at par, with no Libor floor, and with 101 soft call protection for six months.

Commitments are due at 5 p.m. ET Thursday.

Credit Suisse Securities (USA) LLC is the lead arranger.

First Data is an Atlanta-based provider of payment processing solutions.

© 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.