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First Data Announces Launch of its Initial Public Offering

NEW YORK, OCTOBER 1, 2015 – First Data (“First Data”) today announced the launch of its initial public offering of 160,000,000 shares of its Class A common stock. The initial public offering price is expected to be between $18.00 and $20.00 per share. First Data expects to grant the underwriters a 30-day option to purchase up to an additional 24,000,000 shares of its Class A common stock at the initial public offering price. First Data has applied to list shares of its Class A common stock on the New York Stock Exchange under the symbol “FDC.”

First Data intends to use the net proceeds from the offering to redeem all $510 million aggregate principal amount of its 11.25% senior unsecured notes due 2021, approximately $2.0 billion aggregate principal amount of its 12.625% senior unsecured notes due 2021, and to pay applicable premiums and related fees and expenses, and for general corporate purposes.

Citigroup, Morgan Stanley, BofA Merrill Lynch and KKR are acting as joint bookrunning managers of the offering and the representatives of the underwriters. Barclays, Credit Suisse, Deutsche Bank Securities, Goldman, Sachs & Co., HSBC, Mizuho Securities, PNC Capital Markets LLC, SunTrust Robinson Humphrey and Wells Fargo Securities are acting as bookrunners of the offering, and Allen & Company LLC, BBVA and Cowen and Company are acting as co-managers of the offering.

A registration statement, including a prospectus, which is preliminary and subject to completion, relating to these securities has been filed with the U.S. Securities and Exchange Commission, but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time that the registration statement becomes effective, and, even then, the securities may only be sold pursuant to the registration statement and final prospectus. This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

The offering of these securities will be made only by means of a prospectus. Copies of the preliminary prospectus may be obtained from Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by telephone at (800) 831-9146; Morgan Stanley, Attn: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014; BofA Merrill Lynch, Attn: Prospectus Department at 222 Broadway, New York, NY 10038, or by email at dg.prospectus_requests@baml.com; or KKR, 9 West 57th Street, New York, NY 10019, or by phone at (212) 750-8300.

About First Data

First Data 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 23,000 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 2,300 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 “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 SEC, including our registration statement on Form S-1, as amended from time to time, under the caption “Risk Factors.”

Media Contact

Liidia Liuksila
212-515-0174
Liidia.liuksila@firstdata.com

Investor Relations Contact

Peter Poillon
212-266-3565
Peter.poillon@firstdata.com

 

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