The Firm recently represented First Data Corporation (“First Data”) in a refinancing of a portion of its outstanding debt. First Data issued $1.3 billion aggregate principal amount of 6¾% Senior Secured Notes due 2020 in reliance on Rule 144A and Regulation S. First Data also entered into an extension amendment with certain of lenders under its existing senior secured credit facilities.
First Data used the proceeds from the notes offering to repay term loans under its senior secured credit facilities and to pay fees and expenses associated with the offering and the amendment.
First Data is a portfolio company of KKR and one of the largest global technology and payments processors, providing electronic commerce and payment solutions for merchants, financial institutions and card issuers worldwide.
The Simpson Thacher team for these transactions included Richard Fenyes, Reece Hunt and Taissa Licatti (Capital Markets); James Cross, Dan Kay and Matthew Levy (Banking and Credit); Mardi Merjian (Real Estate); Jonathan Cantor and Andrew Purcell (Tax); and Aimee Adler (Executive Compensation & Employee Benefits).
