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First Data announces $3.5 bln private placement led by KKR

Thursday, 19 Jun 2014 06:30am EDT 

First Data Corp:Says First Data Holdings Inc., the direct parent company of First Data receives commitments to purchase about $3.5 bln of common equity in a private placement.Net proceeds will be used to strengthen balance sheet through repaying portions of its debt, allowing the company to focus additional capital on accelerating its transformation to a solutions and innovation company that helps First Data clients grow their businesses.KKR Capital Markets acted as sole private placement agent for First Data.Transaction is expected to close on or about July 11. 

Company Quote

0.07 +2.13%
19 Dec 2014