Edition:
United States

First Data Corp (FDC)

FDC on New York Consolidated

25.12USD
18 Apr 2019
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Latest Key Developments (Source: Significant Developments)

AIB Group Forms JV To Acquire Payzone
Thursday, 18 Apr 2019 02:00am EDT 

April 18 (Reuters) - AIB Group plc ::AIB FORMS JOINT VENTURE TO ACQUIRE PAYZONE.PROPOSED DEAL FOR ENTERPRISE VALUE OF UP TO EUR 100 MILLION.JOINT VENTURE WILL ACQUIRE OWNERSHIP INTEREST IN PAYZONE FROM EXISTING SHAREHOLDERS INCLUDING CARLYLE CARDINAL IRELAND FUND.  Full Article

First Data - Executed And Delivered A Joinder Agreement To Bridge Facility Commitment Letter, Dated Jan. 16, 2019
Thursday, 7 Feb 2019 06:23am EST 

Feb 7 (Reuters) - First Data Corp ::FIRST DATA SAYS ON FEB 5 EXECUTED AND DELIVERED A JOINDER AGREEMENT TO BRIDGE FACILITY COMMITMENT LETTER, DATED JAN. 16, 2019 - SEC FILING.FIRST DATA - ALSO EXPECTS TO COMPLETE IN NEAR FUTURE SYNDICATION OF NEW $5 BILLION UNSECURED TERM LOAN FACILITY TO REPLACE LOAN TRANCHE OF BRIDGE FACILITY.FIRST DATA - ALSO FISERV EXPECTS TO COMPLETE IN NEAR FUTURE SYNDICATION OF AN INCREASE OF $1.5 BILLION UNDER REVOLVING CREDIT AGREEMENT.  Full Article

Fiserv To Buy First Data Corp In $22 Bln Stock Deal
Wednesday, 16 Jan 2019 07:06am EST 

Jan 16 (Reuters) - First Data Corp ::PRESS RELEASE - FISERV TO COMBINE WITH FIRST DATA CORPORATION TO CREATE GLOBAL LEADER IN PAYMENTS AND FINTECH.FIRST DATA CORP - FISERV CEO TO BECOME CEO AND CHAIRMAN OF COMBINED ENTITY.FIRST DATA CORP - FIRST DATA CEO TO BECOME PRESIDENT AND COO AND TO JOIN BOARD OF DIRECTORS.FIRST DATA - FIRST DATA SHAREHOLDERS WILL RECEIVE A FIXED EXCHANGE RATIO OF 0.303 FISERV SHARES FOR EACH SHARE OF FIRST DATA COMMON STOCK THEY OWN.FIRST DATA CORP - PROJECTED TO BE ACCRETIVE TO ADJUSTED EPS BY MORE THAN 20 PERCENT IN YEAR ONE.FIRST DATA CORP - DEAL EXPECTED TO GENERATE APPROXIMATELY $900 MILLION OF RUN-RATE COST SAVINGS.FIRST DATA CORP - FIRST DATA SHAREHOLDERS WILL RECEIVE A FIXED EXCHANGE RATIO OF 0.303 FISERV SHARES FOR EACH SHARE OF FIRST DATA COMMON STOCK THEY OWN.FIRST DATA CORP - ANTICIPATE ANNUAL FREE CASH FLOW OF MORE THAN $4 BILLION, INCLUDING SYNERGIES, IN YEAR THREE FROM DEAL.FIRST DATA CORP - DEAL EXPECTED TO GENERATE AT LEAST $500 MILLION OF REVENUE SYNERGIES.FIRST DATA CORP - FISERV SHAREHOLDERS WILL OWN 57.5% OF COMBINED COMPANY, AND FIRST DATA SHAREHOLDERS WILL OWN 42.5%, ON A FULLY DILUTED BASIS.FIRST DATA CORP - ALL-STOCK TRANSACTION IS INTENDED TO BE TAX-FREE TO FIRST DATA SHAREHOLDERS.FIRST DATA - UPON DEAL CLOSING, NEW OMAHA HOLDINGS WILL OWN ABOUT 16% OF OUTSTANDING COMMON STOCK OF COMBINED COMPANY..FIRST DATA CORP - FISERV INTENDS TO REFINANCE ABOUT $17 BILLION OF DEBT THAT FIRST DATA IS EXPECTED TO HAVE AT TIME OF CLOSING.  Full Article

First Data Reports Q3 Adj. EPS of $0.35
Monday, 29 Oct 2018 06:50am EDT 

Oct 29 (Reuters) - First Data Corp ::FIRST DATA REPORTS THIRD QUARTER 2018 FINANCIAL RESULTS AND REVISES FULL YEAR GUIDANCE.Q3 ADJUSTED EARNINGS PER SHARE $0.35.Q3 EARNINGS PER SHARE $0.42.Q3 REVENUE $2.369 BILLION VERSUS I/B/E/S VIEW $2.21 BILLION.Q3 EARNINGS PER SHARE VIEW $0.37 -- THOMSON REUTERS I/B/E/S.FULL YEAR 2018 ORGANIC CONSTANT CURRENCY SEGMENT REVENUE AND EBITDA GROWTH GUIDANCE UNCHANGED.REVISING FULL YEAR 2018 EPS GUIDANCE PRIMARILY TO REFLECT RECENT ADVERSE FOREIGN CURRENCY MOVEMENTS.SEES 2018 ADJUSTED DILUTED EPS: $1.38 TO $1.40.FIRST DATA'S TOTAL BORROWINGS AT SEPTEMBER 30, 2018 DECREASED BY $1,443 MILLION TO $17,755 MILLION, FROM $19,198 MILLION AT DECEMBER 31, 2017.FY REPORTED CONSTANT CURRENCY SEGMENT REVENUE GROWTH GUIDANCE WAS REVISED TO 6.3% TO 7.3%.2018 FREE CASH FLOW GUIDANCE REMAINS UNCHANGED..FY2018 EARNINGS PER SHARE VIEW $1.45 -- THOMSON REUTERS I/B/E/S.  Full Article

First Data Announces New $6 Billion Credit Facility
Friday, 26 Oct 2018 02:21pm EDT 

Oct 26 (Reuters) - First Data Corp ::FIRST DATA ANNOUNCES NEW $6 BILLION CREDIT FACILITY.FIRST DATA CORP - NEW FACILITY IS COMPRISED OF A NEW REVOLVING CREDIT FACILITY OF $1.25 BILLION AND NEW TERM LOAN A FACILITY OF $4.75 BILLION.FIRST DATA CORP - ENTERED INTO A NEW $6 BILLION CREDIT FACILITY BEARING A RATE OF LIBOR PLUS 150 BASIS POINTS.FIRST DATA- PROCEEDS WERE PARTLY USED TO REFINANCE EXISTING REVOLVING CREDIT FACILITY MATURING JUNE 2020 AND ITS EXISTING TERM LOANS DUE JUNE 2020.FIRST DATA CORP - NEW $6 BILLION CREDIT FACILITY MATURING IN OCTOBER 2023.FIRST DATA CORP - ANTICIPATES ESTIMATED INTEREST COST SAVINGS RESULTING FROM CREDIT FACILITY TO BE APPROXIMATELY $90 MILLION IN 2019.  Full Article

First Data Announces Intent To Enter Into Transactions To Refinance Revolving Facility & Other Indebtedness
Monday, 22 Oct 2018 03:00pm EDT 

Oct 22 (Reuters) - First Data Corp ::FIRST DATA ANNOUNCES INTENT TO ENTER INTO TRANSACTIONS TO REFINANCE ITS REVOLVING FACILITY AND CERTAIN OTHER INDEBTEDNESS.FIRST DATA CORP - SEEKING TO REFINANCE ITS EXISTING REVOLVING CREDIT FACILITY MATURING JUNE 2020.FIRST DATA - ARRANGERS OF REFINANCING HAVE INFORMED THEY RECEIVED COMMITMENTS IN RESPECT OF POTENTIAL NEW REVOLVING CREDIT FACILITY OF OVER $1.25 BILLION.FIRST DATA CORP - ARRANGERS OF REFINANCING HAVE INFORMED THEY RECEIVED COMMITMENTS IN RESPECT OF A POTENTIAL NEW TERM LOAN FACILITY OF OVER $4.75 BILLION.FIRST DATA - IF CONSUMMATED, TRANSACTION IS EXPECTED TO BE COMPLETED ON OR ABOUT OCTOBER 26, 2018 TO REFINANCE EXISTING FACILITIES DUE 2020.  Full Article

First Data Announces Integration With Ellie Mae To Facilitate Lending-Related Payments
Tuesday, 21 Aug 2018 06:45am EDT 

Aug 21 (Reuters) - First Data Corp ::FIRST DATA ANNOUNCES INTEGRATION WITH ELLIE MAE® TO FACILITATE LENDING-RELATED PAYMENTS.FIRST DATA CORP - FIRST DATA TO PROCESS LENDING-RELATED TRANSACTIONS FOR ELLIE MAE CUSTOMERS.  Full Article

Jana Partners LLC Takes Sole Share Stake In Microsoft, Alibaba Group
Tuesday, 14 Aug 2018 10:06am EDT 

Aug 14 (Reuters) - Jana Partners LLC::JANA PARTNERS LLC TAKES SOLE SHARE STAKE IN ALIBABA GROUP HOLDING OF 439,479 SPONSORED ADS.JANA PARTNERS LLC TAKES SOLE SHARE STAKE IN MICROSOFT CORP OF 742,569 SHARES.JANA PARTNERS LLC CUTS SOLE SHARE STAKE IN AUTODESK INC BY 29.4 PERCENT TO 892,833 SHARES.JANA PARTNERS LLC CUTS SOLE SHARE STAKE IN FIRST DATA CORP BY 35.4 PERCENT TO 3.4 MILLION CLASS A COMMON SHARES - SEC FILING.JANA PARTNERS LLC - CHANGE IN HOLDINGS ARE AS OF JUNE 30, 2018 AND COMPARED WITH THE PREVIOUS QUARTER ENDED AS OF MARCH 31, 2018.  Full Article

First Data Announces Secondary Offering Of 64,000,000 Shares Of Class A Common Stock
Monday, 13 Aug 2018 06:45am EDT 

Aug 13 (Reuters) - First Data Corp ::FIRST DATA ANNOUNCES SECONDARY OFFERING OF 64,000,000 SHARES OF CLASS A COMMON STOCK.FIRST DATA CORP - SELLING STOCKHOLDER HAS GRANTED UNDERWRITERS A 30-DAY OPTION TO PURCHASE UP TO 9.6 MILLION ADDITIONAL SHARES OF CLASS A COMMON STOCK.  Full Article

First Data Q2 Earnings Per Share $0.36
Monday, 30 Jul 2018 06:50am EDT 

July 30 (Reuters) - First Data Corp ::FIRST DATA REPORTS SECOND QUARTER 2018 FINANCIAL RESULTS AND RAISES FULL YEAR REVENUE GUIDANCE.Q2 ADJUSTED EARNINGS PER SHARE $0.39.Q2 EARNINGS PER SHARE $0.36.Q2 REVENUE $2.448 BILLION VERSUS I/B/E/S VIEW $2.19 BILLION.Q2 EARNINGS PER SHARE VIEW $0.37 -- THOMSON REUTERS I/B/E/S.RAISING FULL YEAR 2018 GUIDANCE FOR SEGMENT REVENUE GROWTH.SEES 2018 TOTAL SEGMENT REVENUE GROWTH OF 7% TO 8%.2018 SEGMENT EBITDA GROWTH, ADJUSTED EPS, FREE CASH FLOW GUIDANCE UNCHANGED.  Full Article

Fiserv to buy First Data for $22 billion to boost payments business

U.S. financial technology provider Fiserv Inc said on Wednesday it had agreed to buy payment processor First Data Corp in a $22 billion all-stock deal, the biggest ever acquisition in the booming market for digital payments.