Worldpay plans to redeem 3¾% notes due 2022 on Aug. 1

By Wendy Van Sickle

Columbus, Ohio, July 19 – Worldpay Finance plc called its €500 million of 3¾% senior notes due 2022 for redemption on Aug. 1, according to a notice.

The redemption price will be equal to par plus accrued interest to the redemption date plus all remaining required interest payments through Aug. 15, 2022, computed using a discount rate equal to the Bund Rate as of the redemption date plus 50 basis points.

The notes are guaranteed by Worldpay Group Ltd.

The redemption is conditioned on completion of the merger of Wrangler Merger Sub., Inc., a wholly owned subsidiary of Fidelity National Information Services, Inc., with and into Worldpay, with Worldpay surviving as a wholly owned subsidiary of Fidelity, and on Fidelity determining adequate funds for the redemption have been raised through commercial paper, revolving credit borrowings or other sources.

Citibank, NA, London Branch is the paying agent.

Worldpay is a Cincinnati-based provider of payment processing services.

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