Western Union intends to conduct offering of fixed-rate notes

By Devika Patel

Knoxville, Tenn., Nov. 18 – Western Union Corp. is expected to price fixed-rate notes, according to a 424B5 filing with the Securities and Exchange Commission.

The notes have a make-whole call and are then redeemable at par.

The bookrunners are Citigroup Global Markets Inc., J.P. Morgan Securities LLC and Wells Fargo Securities LLC.

Proceeds will be used fund a tender offer for the company’s $324.9 million of 5.253% notes due 2020 and for general corporate purposes.

Western Union is an Englewood, Colo.-based money transfer network.

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