NEW YORK--(BUSINESS WIRE)--First Data (NYSE: FDC) today entered into a new $6 billion credit facility bearing a rate of Libor plus 150 basis points and maturing in October 2023. The new facility is comprised of a new revolving credit facility of $1.25 billion and new Term Loan A facility of $4.75 billion. The proceeds were partly used to refinance its existing revolving credit facility maturing June 2020 and its existing term loans due June 2020. The remainder of the facility will be drawn later to refinance other existing indebtedness. The Company anticipates estimated interest cost savings resulting from these actions to be approximately $90 million in 2019.
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 more than 100 countries around the world. The Company’s 22,000 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 3,000 transactions per second and $2.4 trillion per year. For more information, visit www.firstdata.com and follow us on Twitter at @FirstData.
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, 2017, under the caption “Risk Factors.”