First Data Announces Affirmative Responses from Lenders to Refinance Term Loans Due in 2021

NEW YORK, October 10, 2016 – First Data Corporation (NYSE: FDC) today announced that it has received affirmative responses from a group of new and existing lenders who have agreed to provide approximately $4.3 billion and €0.2 billion of term loans due March 2021 at an interest rate of LIBOR plus 300 basis points.

The transaction announced today allows First Data to refinance its existing term loans that are due in March 2021 at an interest rate 100 basis points lower than those they will replace and result in annualized cash interest savings of approximately $45 million.

“Working with our lenders, this significant transaction allows us to refinance our current 2021 term loans at more favorable interest rates,” said Himanshu Patel, Chief Financial Officer, First Data. “As we have done over the past several years, First Data will continue to take advantage of opportunities when they present themselves to improve our capital structure.”

The successful completion of this transaction is subject to market and other conditions. There is no assurance that it can be completed on the terms outlined in this announcement.

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.

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