Simpson Thacher represented First Data Corporation (“First Data”) in connection with its Rule 144A and Regulation S offerings of $3.4 billion aggregate principal amount of 7% Senior Notes due 2023, $1 billion aggregate principal amount of 5% Senior Secured Notes due 2024 and $2.2 billion aggregate principal amount of 5.75% Senior Secured Second Lien Notes due 2024. Simpson Thacher also represented First Data in connection with the incurrence of new dollar and euro denominated term loans due 2022 in an aggregate principal amount of $1.25 billion and €200 million, respectively.
First Data intends to use the net proceeds to repay and refinance certain of its outstanding indebtedness and to pay any applicable premiums and related fees and expenses.
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, Ben Wells, Tony Rim, Lisa Zhang, Dan Areshenko and Todd Noelle (Capital Markets); James Cross, Dan Kay and Adam Moss (Credit); Marcy Geller, Jonathan Cantor and Jodi Schneider (Tax); Aimee Adler and Patricia Adams (Executive Compensation and Employee Benefits); Janet Nadile and Jonathan Pall (Collateral); and Mardi Merjian and Krista McManus (Real Estate).