First Data has raised $750 million in a sale of senior secured first lien notes in the 144a private placement market. The merchant processing service provider appointed Citigroup, Deutsche Bank, Credit Suisse and HSBC as the joint bookrunning managers for the deal.
The company intends to use the net proceeds to repay a portion of its remaining senior secured term loans. The notes carry a coupon rate of 7.375% and are due to mature on June 15, 2019.
Click here for the release from Business Wire.