Simpson Thacher represented First Data Corporation (“First Data”) in connection with its Rule 144A and Regulation S offering of $1.21 billion aggregate principal amount of 5.375% Senior Secured Notes due 2023. The offering closed on August 11, 2015.
First Data will use the net proceeds to fund the cash tender offers for any and all of its outstanding 7.375% Senior Secured Notes due 2019 and any and all of its outstanding 8.875% Senior Secured Notes due 2020, to redeem any remaining outstanding amounts of such notes after the settlement of the tender offers and to pay accrued and unpaid interest.
First Data is a global leader in commerce-enabling technology and solutions, serving approximately six million business locations and over 4,000 financial institutions in 118 countries around the world. First Data has 23,000 owner-associates and processes more than 2,300 transactions per second and $1.9 trillion in transaction volume per year.
The Simpson Thacher team for these transactions included Richard Fenyes, Joe Kaufman, Ben Wells, Tony Rim, Ashley Belton and Lisa Zhang (Capital Markets); Marcy Geller, Jonathan Cantor and Jodi Sackel (Tax); Aimee Adler and Patricia Adams (Executive Compensation and Employee Benefits); Jonathan Pall (Collateral); Mardi Merjian (Real Estate); and Genevieve Dorment (Intellectual Property).