First Data sets pricing on $4.22 billion first-lien term loan at Libor plus 250 bps at 99.75

By Paul A. Harris

Portland, Ore., April 17 – First Data Corp. talked its $4,217,000,000 first-lien term loan (Ba3/BB) at Libor plus 250 basis points at 99.75 and a 0% Libor floor, according to a market source.

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

Credit Suisse Securities (USA) LLC is the lead.

The loan comes with six months of soft call protection at 101.

The Atlanta-based provider of payment solutions plans to use the proceeds to refinance its existing March 2021 term loan C.

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