E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 12/5/2012 in the Prospect News Investment Grade Daily.

Western Union plans to sell notes in three-, five-year maturities

By Andrea Heisinger

New York, Dec. 5 - Western Union Co. is set to price notes due 2015 and 2017, according to a filing with the Securities and Exchange Commission.

The notes (A3/A-/A-) feature a change-of-control put at 101%.

Bookrunners are J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC.

Proceeds will be used for general corporate purposes, including stock repurchases and debt repayment.

Western Union was last in the market with a $400 million sale of seven-year notes on Aug. 17, 2011.

The money movement and payment services company is based in Englewood, Colo.


© 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.