First Data gets commitments for new revolver and term loan

By Sara Rosenberg

New York, Oct. 22 – First Data Corp. has received commitments for a potential new revolving credit facility of over $1.25 billion and commitments for a potential new term loan facility of over $4.75 billion, according to a news release.

Proceeds will be used to refinance an existing revolver and term loan, both due June 2020, and certain other existing debt.

Closing is expected on or about Friday.

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.