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Alliance Data plans revolver paydown via €300 million note issue
By Tali Rackner
Norfolk, Va., March 3 – Alliance Data Systems Corp. plans to repay a portion of the outstanding indebtedness under its revolving line of credit provided for in its existing credit agreement using the net proceeds from a new note offering, according to an 8-K filing with the Securities and Exchange Commission.
The company plans to price €300 million of senior notes due 2022 under Rule 144A and Regulation S.
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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