First Data Announces Launch of Its Initial Public Offering
October 01 2015 - 6:38AM
Business Wire
First Data (“First Data”) today announced the launch of its
initial public offering of 160,000,000 shares of its Class A common
stock. The initial public offering price is expected to be between
$18.00 and $20.00 per share. First Data expects to grant the
underwriters a 30-day option to purchase up to an additional
24,000,000 shares of its Class A common stock at the initial public
offering price. First Data has applied to list shares of its Class
A common stock on the New York Stock Exchange under the symbol
“FDC.”
First Data intends to use the net proceeds from the offering to
redeem all $510 million aggregate principal amount of its 11.25%
senior unsecured notes due 2021, approximately $2.0 billion
aggregate principal amount of its 12.625% senior unsecured notes
due 2021, and to pay applicable premiums and related fees and
expenses, and for general corporate purposes.
Citigroup, Morgan Stanley, BofA Merrill Lynch and KKR are acting
as joint bookrunning managers of the offering and the
representatives of the underwriters. Barclays, Credit Suisse,
Deutsche Bank Securities, Goldman, Sachs & Co., HSBC, Mizuho
Securities, PNC Capital Markets LLC, SunTrust Robinson Humphrey and
Wells Fargo Securities are acting as bookrunners of the offering,
and Allen & Company LLC, BBVA and Cowen and Company are acting
as co-managers of the offering.
A registration statement, including a prospectus, which is
preliminary and subject to completion, relating to these securities
has been filed with the U.S. Securities and Exchange Commission,
but has not yet become effective. These securities may not be sold,
nor may offers to buy be accepted, prior to the time that the
registration statement becomes effective, and, even then, the
securities may only be sold pursuant to the registration statement
and final prospectus. This press release shall not constitute an
offer to sell or a solicitation of an offer to buy these
securities, nor shall there be any sale of these securities in any
state or jurisdiction in which such offer, solicitation or sale
would be unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.
The offering of these securities will be made only by means of a
prospectus. Copies of the preliminary prospectus may be obtained
from Citigroup, c/o Broadridge Financial Solutions, 1155 Long
Island Avenue, Edgewood, NY 11717, or by telephone at (800)
831-9146; Morgan Stanley, Attn: Prospectus Department, 180 Varick
Street, 2nd Floor, New York, NY 10014; BofA Merrill Lynch, Attn:
Prospectus Department at 222 Broadway, New York, NY 10038, or by
email at dg.prospectus_requests@baml.com; or KKR, 9 West 57th
Street, New York, NY 10019, or by phone at (212) 750-8300.
About First Data
First Data is a global leader in commerce-enabling technology
and solutions, serving approximately six million business locations
and 4,000 financial institutions in 118 countries around the world.
The company’s 23,000 owner-associates are dedicated to helping
companies, from start-ups to the world’s largest corporations,
conduct commerce every day by securing and processing more than
2,300 transactions per second and $1.9 trillion per year.
Forward Looking Statements
This press release includes certain disclosures which contain
“forward-looking statements.” You can identify forward-looking
statements because they contain words such as “believes” and
“expects.” Forward-looking statements are based on First Data’s
current expectations and assumptions. Because forward-looking
statements relate to the future, they are subject to inherent
uncertainties, risks and changes in circumstances that may differ
materially from those contemplated by the forward-looking
statements, which are neither statements of historical fact nor
guarantees or assurances of future performance. Important factors
that could cause actual results to differ materially from those in
the forward-looking statements are set forth in our filings with
the SEC, including our registration statement on Form S-1, as
amended from time to time, under the caption “Risk Factors.”
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version on businesswire.com: http://www.businesswire.com/news/home/20151001005748/en/
First DataMedia ContactLiidia
Liuksila212-515-0174Liidia.liuksila@firstdata.comorInvestor
Relations ContactPeter
Poillon212-266-3565Peter.poillon@firstdata.com
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