THE WESTERN UNION COMPANY (NYSE:WU) Files An 8-K Other EventsItem 8.01 Other Events.
On August 22, 2017, The Western Union Company (the “Company”) completed the offering and sale of $250,000,000 aggregate principal amount of its Floating Rate Notes due 2019 (the “Floating Rate Notes”) and $100,000,000 aggregate principal amount of its 3.600% Notes due 2022 (the “New 2022 Notes” and, together with the Floating Rate Notes, the “Notes”) to an Underwriting Agreement, dated August 15, 2017 (the “Underwriting Agreement”), entered into by the Company with Citigroup Global Markets Inc. and U.S. Bancorp Investments, Inc., as Representatives of the several Underwriters named therein, with respect to the offering and sale of the Notes by the Company. The New 2022 Notes have the same terms as, and form a single series of debt securities with, the 3.600% Notes due 2022 that the Company issued on March 15, 2017 in an aggregate principal amount of $400,000,000. The Notes were issued under the Company’s Registration Statement on Form S-3 (Registration No. 333-213943), and to the Indenture, dated as of November 17, 2006, between the Company and Wells Fargo Bank, National Association, as trustee (the “Trustee”), as supplemented by the Supplemental Indenture dated as of September 6, 2007 between the Company and the Trustee. The Underwriting Agreement is filed as Exhibit 1.1 to this Current Report on Form 8-K and is incorporated herein by reference. The forms of Floating Rate Note and New 2022 Note are filed as Exhibit 4.1 and Exhibit 4.2, respectively, to this Current Report on Form 8-K and are incorporated herein by reference.
In connection with the issuance of the Notes, Sidley Austin LLP provided the Company with the legal opinion attached to this Current Report on Form 8-K as Exhibit 5.1.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
The following exhibits are filed with this Current Report on Form 8-K:
| Exhibit | |
| Number | Description of Exhibit |
| 1.1 | Underwriting Agreement, dated as of August 15, 2017, by and among the Company, Citigroup Global Markets Inc. and U.S. Bancorp Investments, Inc., as Representatives of the several Underwriters named therein, relating to the Notes. |
| 4.1 | Form of Floating Rate Note due 2019. |
| 4.2 | Form of 3.600% Note due 2022. |
| 5.1 | Opinion of Sidley Austin LLP relating to the Notes. |
Western Union CO ExhibitEX-1.1 2 twu3300951-ex11.htm UNDERWRITING AGREEMENT,…To view the full exhibit click here
About THE WESTERN UNION COMPANY (NYSE:WU)
The Western Union Company (Western Union) is a provider of money movement and payment services. The Company operates through three segments: Consumer-to-Consumer, Consumer-to-Business and Business Solutions. Western Union’s Consumer-to-Consumer segment is engaged in individual money transfers from one consumer to another. The Company’s Consumer-to-Business segment provides options to make one-time or recurring payments from consumers to businesses and other organizations, including utilities, auto finance companies, mortgage servicers, financial service providers, government agencies and other businesses. Western Union’s Business Solutions segment facilitates payment and foreign exchange solutions, primarily cross-border, cross-currency transactions, for small and medium size enterprises and other organizations and individuals. The Company’s services are primarily available through a network of agent locations in approximately 200 countries and territories.
