Western Union to price notes in two parts via four bookrunners

By Devika Patel

Knoxville, Tenn., Feb. 23 – Western Union Co. intends to offer dollar-denominated notes in two tranches, according to a 424B5 filing with the Securities and Exchange Commission.

The notes have a make-whole call followed by a par call.

BofA Securities Inc., Barclays, Citigroup Global Markets Inc. and Wells Fargo Securities LLC are the bookrunners.

Proceeds will be used to redeem the company’s 3.6% notes due 2022, to partially repay debt under its $950 million unsecured delayed-draw term loan facility and for general corporate purposes.

Western Union is an Englewood, Colo.-based money transfer network.

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