Western Union announces cash tender offer for 5.253% notes due 2020

Chicago, Nov. 18 – Western Union Co. announced the beginning of a cash tender offer for any and all of its outstanding 5.253% notes due 2020, according to a press release.

There are $324,921,000 of the notes outstanding.

The notes will be redeemed at a fixed spread of 15 basis points using the 1.375% Treasury note due March 31, 2020 as the reference security.

The total consideration will be determined at 2 p.m. ET on Nov. 22.

The tender offer will expire at 5 p.m. ET on Nov. 22. Settlement is expected for the day after the expiration time.

The offer is subject to the receipt of proceeds from a proposed new issue.

Any notes that remain outstanding after the tender offer will likely be redeemed by the company in accordance with the terms and conditions in the related indenture.

Citigroup Global Markets Inc. (212 723-6106, collect or 800 558-3745), J.P. Morgan Securities LLC (212 834-8553, collect or 866 834-4666) and Wells Fargo Securities, LLC (704 410-4756, collect or 866 309-6316) are acting as dealer managers.

Global Bondholder Services Corp. is working as the information agent (212 430-3774, banks and brokers or 866 470 4500, in writing at 65 Broadway, Suite 404, New York, NY, 10006 or by e-mail at contact@gbsc-usa.com).

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

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