Mastercard plans dual tranche offering of fixed-rate notes

By Mary-Katherine Stinson

Lexington, Ky., March 6 – Mastercard Inc. plans to sell a dual-tranche offering of fixed-rate notes, according to a 424B2 filing with the Securities and Exchange Commission.

The notes have a make-whole call some months prior to maturity and then a par call.

BofA Securities, Inc., J.P. Morgan Securities LLC, Lloyds Securities Inc., PNC Capital Markets LLC and Wells Fargo Securities, LLC are the bookrunners.

Deutsche Bank Trust Co. Americas will be the trustee.

Davis Polk & Wardwell LLP will act as counsel for the issuer. Latham & Watkins LLP will serve as counsel for the underwriters.

Proceeds will be used for general corporate purposes.

Mastercard is a Purchase, N.Y.-based global payment solutions company.

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