Talk on secondary offer of First Data 14½% PIK notes firms at 94 to 95

By Paul A. Harris

Portland, Ore., Jan. 14 - Talk firmed at 94.00 to 95.00 on a $725 million secondary offering of First Data Holdings Inc. 14½% senior pay-in-kind notes due 2019, an investor said on Tuesday afternoon.

That talk is richer than the 94.00 price talk heard earlier in the day.

The notes are being offer by funds affiliated with Goldman Sachs & Co.

An investor lunch is set for Wednesday, and the 100% non-cash interest notes are expected to be priced later on Wednesday or on Thursday.

Proceeds from the private offer will go to the affiliates of Goldman Sachs.

First Data, a Greenwood Village, Colo., provider of electronic commerce and payment services, will not receive any proceeds.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.