First Data begins tendering for $783.5 million 9 7/8% notes due 2015

By Susanna Moon

Chicago, March 26 - First Data Corp. said it began a cash tender offer for its $783,501,000 of outstanding 9 7/8% senior notes due 2015.

The total purchase price will be $1,026.75 for each $1,000 principal amount of notes tendered by 5 p.m. ET on April 9, the early tender date.

The total payment includes an early tender payment of $30.00 per $1,000 of notes.

Holders who tender after the early deadline will receive $996.75 per $1,000 of notes.

The tender offer will end at midnight ET on April 23.

The company also will pay accrued interest to but excluding the settlement date, which is expected to be April 10 for early tendered notes and April 24 for notes tendered after the early deadline.

Tendered notes may be withdrawn by the early tender date.

Citigroup Global Markets Inc. (800 558-3745 or 212 723-6106) is the dealer manager. Global Bondholder Services Corp. (866 952-2200 or 212 430-3774) is the depositary and the information agent.

The issuer is an Atlanta-based electronic commerce and payment processing company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.