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First Data Announces New $1.25 Billion Revolving Credit Facility

 

Revolver capacity increased from $1.0 billion to $1.25 billion; Principal interest rate lowered by 50 basis points

ATLANTA, JUNE 3, 2015 – First Data Corporation today announced a new five-year, $1.25 billion revolving credit facility, replacing First Data’s existing $1.0 billion facility which was due to mature in September 2016. The new revolver has a principal interest rate of LIBOR plus 350 basis points, a reduction of 50 basis points from the rate on the existing facility. The new revolving credit facility matures in June 2020.

“We are pleased to have closed on this new revolving credit facility,” said First Data Director of Finance Michael Neborak. “It demonstrates our ability to enhance our capital structure and reflects the continued endorsement of our transformation by the lending community.”

The new revolving credit facility will be more fully described in a current report on Form 8-K to be filed with the Securities and Exchange Commission.

About First Data

First Data is the global leader in payment technology and services solutions. With 23,000 owner-associates and operations in 34 countries, the company provides secure and innovative payment technology and services to more than six million merchants and financial institutions around the world, from small businesses to the world’s largest corporations. Today, businesses in nearly 70 countries trust First Data to secure and process over 2,000 financial transactions per second. First Data’s unparalleled infrastructure and partnerships go “beyond the transaction” with next-generation point-of-sale technology fueled by powerful analytics to detect fraud, gain insights into consumer spending, and strengthen customer loyalty. All day, every day, First Data helps its clients thrive in the evolving world of commerce.

Contacts

Glenn Fodor, CFA
Investor Relations
212-515-0278
 
Liidia Liuksila
Public Relations
212-515-0174
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