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Mastercard secures $6 billion five-year revolving credit facility
By Wendy Van Sickle
Columbus, Ohio, Nov. 15 – Mastercard Inc. entered into a committed $6 billion revolving credit facility on Thursday, according to an 8-K filing with the Securities and Exchange Commission.
The facility, which matures Nov. 14, 2024, amends and restates the company’s prior $4.5 billion credit facility set to mature on Nov. 15, 2023.
Pricing will be Libor plus a margin based on the long-term issuer rating. The margin was not disclosed in the filing.
Borrowings are available in dollars and/or euros for general corporate purposes.
The company may prepay, terminate or reduce the commitments under the credit facility at any time without penalty in a minimum amount of $10 million.
Citibank, NA and JPMorgan Chase Bank, NA are joint lead arrangers and global coordinators, and Bank of China, New York Branch, Deutsche Bank Securities Inc., U.S. Bank NA, BofA Securities, Inc., and Bank of America, NA are joint lead arrangers and regional coordinators. Barclays Bank plc, Commerzbank AG, New York Branch, Goldman Sachs Bank USA, HSBC Bank USA, NA, Industrial and Commercial Bank of China Ltd., New York Branch, Lloyds Bank Corporate Markets plc, Mizuho Bank, Ltd., MUFG Bank, Ltd., National Westminster Bank plc, PNC Bank, NA, Santander Bank, NA, Societe Generale and Wells Fargo Bank, NA are joint lead arrangers and documentation agents.
Citibank is managing administrative agent, and JPMorgan is administrative agent.
MasterCard is a Purchase, N.Y., global payment solutions company.
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