First Data to redeem $650 million of 12 5/8% notes via new offering

By Tali Rackner

Norfolk, Va., Oct. 29 – First Data Corp. plans to repurchase $650 million of its 12 5/8% senior unsecured notes due 2021 with the proceeds from a new note offering, according to a press release.

The company announced on Thursday plans to offer $750 million of senior notes due 2023.

First Data is an Atlanta-based provider of electronic commerce and payment services.

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