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First Data to redeem $1 billion of 6¾% senior secured notes due 2020
By Tali Rackner
Norfolk, Va., Dec. 28 – First Data Corp. plans to redeem $1 billion of its 6¾% senior secured notes due November 2020 on Jan. 24, according to an 8-K filing with the Securities and Exchange Commission.
“First Data’s obligation to pay the redemption amount is conditioned upon consummation of a debt financing to be offered following the date of the notice that yields net proceeds that are sufficient to pay the redemption amount,” the filing noted.
First Data is an Atlanta-based provider of payment processing solutions.
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