By Aleesia Forni
Virginia Beach, Nov. 19 - Western Union Co. priced $250 million of 3.35% senior notes with a spread of Treasuries plus 200 basis points, according to a syndicate source and an FWP filing with the Securities and Exchange Commission.
The notes (Baa2//BBB+) priced at 99.96 to yield 3.358%.
The bookrunners were J.P. Morgan Securities LLC, Citigroup Global Markets Inc. and BofA Merrill Lynch.
Proceeds will be used for general corporate purposes.
The money movement and payment services company is based in Englewood, Colo.
| Issuer: | Western Union Co.
|
| Amount: | $250 million
|
| Description: | Notes
|
| Maturity: | May 22, 2019
|
| Bookrunners: | Citigroup Global Markets Inc., J.P. Morgan Securities LLC, BofA Merrill Lynch
|
| Co-managers: | Credit Agricole Securities (USA) Inc., Fifth Third Securities Inc., Scotia Capital (USA) Inc.
|
| Coupon: | 3.35%
|
| Price: | 99.96
|
| Yield: | 3.358%
|
| Spread: | Treasuries plus 200 bps
|
| Trade date: | Nov. 19
|
| Settlement date: | Nov. 22
|
| Ratings: | Moody's: Baa2
|
| Fitch: BBB+
|
| Make-whole call: | Treasuries plus 30 bps
|
| Change-of-control put: | 101%
|
| Distribution: | SEC-registered
|
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