New Issue: Western Union sells $250 million floaters due 2015 at Libor plus 100 bps

By Aleesia Forni

Virginia Beach, Va., Aug. 19 - Western Union Co. sold $250 million of floating-rate senior unsecured notes (/BBB+/) due 2015 on Monday at par to yield Libor plus 100 basis points, according to an FWP filing with the Securities and Exchange Commission.

J.P. Morgan Securities LLC and Wells Fargo Securities LLC were the joint bookrunners.

Proceeds will be used for general corporate purposes, including the repayment of debt.

The money movement and payment services company is based in Englewood, Colo.

Issuer:	Western Union Co.
Issue:	Senior unsecured notes
Amount:	$250 million
Net proceeds:	249,375,000
Maturity:	Aug. 21, 2015
Bookrunner:	J.P. Morgan Securities LLC, Wells Fargo Securities LLC
Co-managers:	Scotia Capital (USA) Inc., U.S. Bancorp Investments Inc.
Coupon:	Libor plus 100 bps
Price:	Par
Yield:	Libor plus 100 bps
Change of control:	101%
Trade date:	Aug. 19
Settlement date:	Aug. 22
Ratings:	Standard & Poor's: BBB+
Distribution:	SEC registered

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