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First Data to pay down some term loan debt with notes proceeds
By Sara Rosenberg
New York, March 9 – First Data Corp. plans to repay a portion of its senior secured term loan facility due 2018 using proceeds from a senior secured first-lien notes offering, according to a news release.
The notes were launched with a size of $500 million but were later upsized to $900 million.
First Data is an Atlanta-based provider of electronic commerce and payment services.
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