Simpson Thacher is representing First Data Corporation (“First Data”) in connection with its Rule 144A and Regulation S offering of $900 million aggregate principal amount of 5% Senior Secured Notes due 2024. The notes will be issued as additional notes under an existing indenture pursuant to which $1 billion aggregate principal amount of 5% Senior Secured Notes due 2024 were issued on November 25, 2015. The offering is expected to close on March 29, 2016.
First Data intends to use the net proceeds to repay a portion of its senior secured term loan facility due 2018 and to pay 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 processes more than 2,500 transactions per second and $1.7 trillion in transaction volume per year.
The Simpson Thacher team for the offering includes Richard Fenyes, Xavier Kowalski, Lisa Zhang and Todd Noelle (Capital Markets); Marcy Geller, Jonathan Cantor and Jodi Schneider (Tax); James Cross, Dan Kay and Adam Moss (Credit); Aimee Adler and Patricia Adams (Executive Compensation and Employee Benefits); Krista McManus (Real Estate); and Janet Nadile and Jonathan Pall (Collateral).