First Data Announces Pricing of Secondary Offering of 85,000,000 Shares of Class A Common Stock
September 13 2017 - 10:58PM
Business Wire
First Data Corporation (the “Company”) (NYSE: FDC) today
announced the pricing of the previously announced underwritten
secondary offering by New Omaha Holdings L.P. (the “Selling
Stockholder”) of 85,000,000 shares of Class A common stock of the
Company pursuant to the Company’s registration statement filed with
the Securities and Exchange Commission (the “Commission”), at the
public offering price of $17.75 per share. The offering is expected
to close on September 18, 2017, subject to customary closing
conditions. In addition, the Selling Stockholder has granted the
underwriters a 30-day option to purchase up to 12,750,000
additional shares of Class A common stock. The Selling Stockholder
will receive all of the proceeds from this offering. No shares are
being sold by the Company.
BofA Merrill Lynch, Citigroup and KKR are acting as joint
bookrunning managers for the offering, and Credit Suisse, Deutsche
Bank Securities, Goldman Sachs & Co. LLC, HSBC, Keefe, Bruyette
& Woods, A Stifel Company, KeyBanc Capital Markets, Mizuho
Securities, Morgan Stanley, PNC Capital Markets LLC, SunTrust
Robinson Humphrey and Wells Fargo Securities are acting as
bookrunners for the offering. Allen & Company LLC, BBVA and
Citizens Capital Markets are acting as co-managers for the
offering.
The offering will be made only by means of a prospectus. Copies
of the prospectus related to the offering may be obtained from BofA
Merrill Lynch, NC1-004-03 200 North College Street, 3rd floor,
Charlotte NC 28255-0001 Attn: Prospectus Department, Email:
dg.prospectus_requests@baml.com; Citigroup, c/o Broadridge
Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717,
or by telephone at (800) 831-9146; or KKR, 9 West 57th Street, New
York, NY 10019, or by telephone at (212) 750-8300.
The registration statement relating to these securities has been
filed with the Commission and has become effective. This press
release shall not constitute an offer to sell or the solicitation
of an offer to buy any 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.
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 U.S. Securities and Exchange Commission, including our Annual
Report on Form 10-K for the year ended December 31, 2016, under the
caption “Risk Factors.”
About First Data
First Data (NYSE: FDC) is a global leader in commerce-enabling
technology, serving approximately six million business locations
and 4,000 financial institutions in more than 100 countries around
the world. The company’s 24,000 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 2,800 transactions per second and $2.2 trillion per
year.
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version on businesswire.com: http://www.businesswire.com/news/home/20170913006652/en/
Peter PoillonInvestor RelationsFirst
Data212-266-3565Peter.Poillon@firstdata.comorLiidia LiuksilaPublic
RelationsFirst Data212-515-0174Liidia.Liuksila@firstdata.com
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