First Data (NYSE: FDC) today announced that it is seeking to refinance its existing revolving credit facility maturing June 2020, its existing term loans due June 2020 and certain other existing indebtedness (the Refinancing). As of the date of this press release, the arrangers of the Refinancing have informed First Data that they have received commitments in respect of a potential new revolving credit facility of over $1.25 billion and commitments in respect of a potential new term loan facility of over $4.75 billion.
If consummated, the transaction is expected to be completed on or about October 26, 2018 to refinance the existing facilities due 2020 with a portion of the funding to be consummated later to refinance other existing indebtedness.
The successful completion of these transactions is subject to market and other conditions and there can be no assurance that they can be completed on the terms contemplated or at all.
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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 Companys 22,000 owner-associates are dedicated to helping companies, from start-ups to the worlds 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 Datas 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.