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Legal News

Cahill Represents Lead Banks in Over $8 Billion of Debt Financing for First Data Corporation

Date: 11/30/15

Cahill represented Deutsche Bank Securities Inc. and the other initial purchasers in connection with the two-tranche offering of notes by First Data Corporation comprised of: $1 billion aggregate principal amount of 5.00% senior secured first-lien notes due 2024 and $2.2 billion aggregate principal amount of 5.750% senior secured second-lien notes due 2024. Proceeds were used to refinance existing debt. The transaction was completed on November 25, 2015.

Cahill represented Merrill Lynch, Pierce, Fenner & Smith Incorporated and the other initial purchasers in connection with the offering of $3.4 billion aggregate principal amount of 7.00% senior notes due 2023 by First Data Corporation. Proceeds were used to refinance existing debt. The transaction was completed on November 18, 2015.

Cahill also represented Credit Suisse as administrative agent and lead arranger in connection with a $1.25 billion Term B loan facility, and a €200 million Term B loan facility by First Data Corporation. Proceeds were also used to refinance existing indebtedness. The transaction was completed on November 24, 2015.