Alliance Data Systems plans to pay down revolver with note proceeds

By Angela McDaniels

Tacoma, Wash., Nov. 5 – Alliance Data Systems Corp. plans to repay a portion of the outstanding debt under its revolving credit facility, according to an 8-K filing with the Securities and Exchange Commission.

The company will use proceeds of a proposed €300 million offering of senior notes due 2023. Proceeds will also be used for general corporate purposes.

Alliance Data Systems is a Plano, Texas-based provider of data-driven marketing and loyalty solutions.

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