Misys set tranches in $5.75 billion deal; First Data talks $4.23 billion

By Paul A. Harris

Portland, Ore., April 17 – In Monday's leveraged loan market Misys Ltd. announced tranche sizes in a three-part $5.75 billion amount of senior secured credit facilities.

The deal features a $400 million revolver, a $4.2 billion first-lien term loan and a $1.15 billion second-lien term loan.

Lender presentations are scheduled to take place on Tuesday in London and on Friday in New York.

Morgan Stanley Senior Funding, Inc., Citigroup Global Markets Ltd., Barclays, Macquarie Capital (USA) Inc. and Nomura Securities International, Inc. are the leads.

And First Data Corp. talked its $4,217,000,000 first lien term loan (Ba3/BB) with a Libor plus 250 basis points spread atop a 0% Libor floor at 99.75, according to a market source.

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

Credit Suisse Securities (USA) LLC is the lead.

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

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