By Andrea Heisinger
New York, March 2 - Western Union Co. priced $300 million of two-year floating-rate notes on Wednesday at par to yield three-month Libor plus 58 basis points, according to an FWP filing with the Securities and Exchange Commission.
The notes (A3/A-/) feature a change-of-control put at 101%.
J.P. Morgan Securities LLC and Morgan Stanley & Co., Inc. were the bookrunners. Deutsche Bank Securities Inc. was a co-manager.
Proceeds are being used for general corporate purposes.
The money transfer and payment company is based in Englewood, Colo.
| Issuer: | Western Union Co.
|
| Issue: | Floating-rate notes
|
| Amount: | $300 million
|
| Maturity: | March 7, 2013
|
| Bookrunners: | J.P. Morgan Securities LLC, Morgan Stanley & Co., Inc.
|
| Co-manager: | Deutsche Bank Securities Inc.
|
| Coupon: | Three-month Libor plus 58 bps
|
| Price: | Par
|
| Yield: | Three-month Libor plus 58 bps
|
| Change-of-control put: | 101%
|
| Trade date: | March 2
|
| Settlement date: | March 7
|
| Ratings: | Moody's: A3
|
| Standard & Poor's: A-
|
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