First Data Announces Lenders' Affirmative Responses to Refinance Its Remaining US Dollar Term Loans Due March 2018

NEW YORK--()--First Data Corporation (“First Data”) (NYSE: FDC) today announced that it has received affirmative responses from new and existing lenders to provide approximately $3.7 billion of term loans due March 2021. This transaction and the expected prepayments from the proceeds of First Data’s previously announced and priced offering of $900 million of its 5.000% Senior Secured Notes due 2024 allows First Data to refinance the remaining approximately $4.6 billion of its U.S. dollar denominated term loans due March 2018. The successful completion of this transaction is subject to market and other conditions and there can be no assurance that it can be completed on the terms contemplated or at all.

“This approximately $3.7 billion term loan transaction, coupled with the recent $900 million bond deal we priced, refinances the majority of our 2018 debt maturities,” said Himanshu Patel, Chief Financial Officer, First Data. “First Data will continue to take advantage of opportunities to improve our capital structure as they arise.”

About First Data

First Data (NYSE: FDC) is a global leader in commerce-enabling technology and solutions, serving approximately six million business locations and 4,000 financial institutions in 118 countries around the world. The company’s 24,000 owner-associates are dedicated to helping companies, from start-ups to the world’s largest corporations, conduct commerce every day by securing and processing more than 2,500 transactions per second and $1.9 trillion per year.

Forward-Looking Statements

This press release includes certain disclosures which contain “forward-looking statements.” You can identify forward-looking statements because they contain words such as “intends”, “believes” and “expects.” Forward-looking statements are based on First Data’s current expectations and assumptions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that may differ materially from those contemplated by the forward-looking statements, which are neither statements of historical fact nor guarantees or assurances of future performance. Important factors that could cause actual results to differ materially from those in the forward-looking statements are set forth in our filings with the U.S. Securities and Exchange Commission, including our annual report on Form 10-K for the year ended December 31, 2015, under the caption “Risk Factors.”

Contacts

First Data Corporation
Media Contact
Liidia Liuksila
212-515-0174
Liidia.liuksila@firstdata.com
or
Investor Relations Contact
Peter Poillon
212-266-3565
Peter.poillon@firstdata.com

Contacts

First Data Corporation
Media Contact
Liidia Liuksila
212-515-0174
Liidia.liuksila@firstdata.com
or
Investor Relations Contact
Peter Poillon
212-266-3565
Peter.poillon@firstdata.com