First Data Corporation (NYSE:FDC) Files An 8-K Entry into a Material Definitive Agreement
Item1.01.
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Entry into a Definitive Material Agreement |
2017 JuneJoinder Agreement with Respect to Credit
Agreement
On June14, 2017, First Data Corporation (the Company)
entered into a 2017 JuneJoinder Agreement (the Joinder
Agreement) relating to its Credit Agreement, dated as of
September24, 2007, as amended and restated as of September28,
2007, as further amended as of August10, 2010, March24, 2011,
March13, 2012 and August16, 2012, as modified as of September27,
2012 and February13, 2013, as further amended as of April10,
2013, April15, 2013, January30, 2014, July18, 2014 and June2,
2015 and as further modified as of July10, 2015, November24,
2015, April13, 2016, June2, 2016, October14, 2016, December5,
2016, January23, 2017 and April26, 2017, respectively, among the
Company, the several lenders from time to time parties thereto
and Credit Suisse AG, Cayman Islands Branch, as administrative
agent.
to the Joinder Agreement, the Company incurred an aggregate
principal amount of (i)approximately $3.76 billion in new U.S.
dollar denominated term loans maturing on July10, 2022 (the
2022D New Dollar Term Loans). The interest rate applicable
to the 2022D New Dollar Term Loans is a rate equal to, initially,
at the Companys option, either (a)LIBOR plus 225 basis points or
(b)a base rate plus 125 basis points. The interest rate on the
2022D New Dollar Term Loans may be reduced by 25 basis points
based on the Companys corporate family rating. The Company used
the proceeds from the incurrence of the 2022D New Dollar Term
Loans to refinance all of its existing U.S. dollar and euro
denominated term loans maturing on July10, 2022 and all of its
existing euro denominated term loans maturing on March24, 2021.
The foregoing description of the Joinder Agreement does not
purport to be a complete description and is qualified in its
entirety by reference to the full text of the Joinder Agreement,
which is filed as Exhibit4.1 hereto.
Item2.03.Creation of a Direct Financial Obligation or an
Obligation under an Off-Balance Sheet Arrangement of a
Registrant
The information set forth in Item 1.01 of this Current Report on
Form8-K is incorporated by reference in this Item 2.03.
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Item9.01 |
Financial Statements and Exhibits |
(d)Exhibits
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ExhibitNo. |
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4.1 |
2017 JuneJoinder Agreement, dated as of June14, 2017, among |
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ExhibitA Marked Pagesof the Conformed Credit Agreement |
About First Data Corporation (NYSE:FDC)
First Data Corporation is an electronic commerce company. The Company is a merchant acquirer, issuer processor and independent network services provider, which enables businesses to accept electronic payments, helping financial institutions issue credit, debit and prepaid cards. Its segments include Global Business Solutions (GBS), which provides retail point-of-sale merchant acquiring and e-commerce services, as well as mobile payment services, Webstore-in-a-box solutions, and cloud-based Clover point-of-sale operating system; Global Financial Solutions (GFS), which provides credit solutions for bank and non-bank issuers and include credit and retail private-label card processing, as well as licensed financial software systems, such as its VisionPLUS bank processing application and lending solutions; Network & Security Solutions (NSS), Which provides a range of solutions that it sell to clients in its Global Business Solutions and Global Financial Solutions segments, and Corporate.
