First Data Announces Intent to Enter Into Transactions to Extend the Maturity of Certain of its Term Loans Due 2018

NEW YORK, MARCH 21, 2016 – First Data Corporation (“First Data”) (NYSE: FDC) today announced that it intends to seek to enter into one or more refinancing transactions to extend the maturity of a portion of its outstanding U.S. dollar denominated term loans due March 2018. Approximately $4.6 billion of First Data’s U.S. dollar denominated term loans due March 2018 are outstanding as of the date of this press release, with such outstanding amount expected to be reduced to approximately $3.7 billion after giving effect to 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. 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.

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 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.”

 

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Liidia Liuksila
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Investor Relations Contact

Peter Poillon
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