First Data Announces Launch Of IPO - Quick Facts

(RTTNews) - First Data (FDC) announced the launch of its initial public offering of 160 million shares of its Class A common stock. The initial public offering price is expected to be between $18.00 and $20.00 per share. The company has applied to list shares of its Class A common stock on the NYSE under the symbol, FDC.

First Data intends to use the net proceeds 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.

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.