First Data Corporation (NYSE:FDC) Files An 8-K Entry into a Material Definitive Agreement

ME Staff 8-k
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First Data Corporation (NYSE:FDC) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01.Entry into a Definitive Material Agreement

2017 NovemberJoinder Agreement with Respect to Credit Agreement

On November15, 2017, First Data Corporation (the “Company”) entered into a 2017 NovemberJoinder 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, April26, 2017 and June14, 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 approximately $3.892 billion in new U.S. dollar denominated term loans maturing on April26, 2024 (the “2024A New Dollar Term Loans”). The interest rate applicable to the 2024A New Dollar Term Loans is a rate equal to, initially, at the Company’s option, either (a)LIBOR plus 225 basis points or (b)a base rate plus 125 basis points. The interest rate on the 2024A New Dollar Term Loans may be reduced by 25 basis points based on the Company’s corporate family rating. The Company used the proceeds from the incurrence of the 2024A New Dollar Term Loans to refinance all of its existing U.S. dollar denominated term loans maturing on April26, 2024.

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.

Item 1.01.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 1.01.

Item 1.01Financial Statements and Exhibits

(d)Exhibits


FIRST DATA CORP Exhibit
EX-4.1 2 a17-27182_1ex4d1.htm EX-4.1 Exhibit 4.1   2017 NOVEMBER JOINDER AGREEMENT   2017 NOVEMBER JOINDER AGREEMENT,…
To view the full exhibit click here

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.