Simpson Thacher Represents First Data in $3.5 Billion Private Placement Led by KKR
06.19.14
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The Firm is representing First Data Corporation in connection with the receipt by First Data Holdings Inc., the direct parent company of First Data, of commitments to purchase approximately $3.5 billion of its common equity in a private placement. The net proceeds from the private placement will be used to strengthen First Data’s balance sheet through repaying portions of its debt, allowing the company to focus additional capital on accelerating its transformation to a solutions and innovation company that helps First Data clients grow their businesses.
Around the world, every second of every day, First Data makes payment transactions secure, fast and easy for merchants, financial institutions and their customers. First Data leverages its vast product portfolio and expertise to drive client revenue and profitability. Whether the choice of payment is by debit or credit card, gift card, check or mobile phone, online or at the checkout counter, First Data takes every opportunity to go beyond the transaction.
The Simpson Thacher team includes: Gary Horowitz, Michael T. Holick and Allen Pan (M&A); Richard Fenyes and Tony Rim (Financing); Steven Todrys, Marcy Geller, Jonathan Cantor and Jodi Sackel (Tax); and Aimee Adler and Patricia Adams (Executive Compensation and Employee Benefits).