NEW YORK--(BUSINESS WIRE)--First Data (NYSE: FDC) today entered into a new $6 billion credit facility bearing a rate of Libor plus 150 basis points and maturing in October 2023. The new facility is comprised of a new revolving credit facility of $1.25 billion and new Term Loan A facility of $4.75 billion. The proceeds were partly used to refinance its existing revolving credit facility maturing June 2020 and its existing term loans due June 2020. The remainder of the facility will be drawn later to refinance other existing indebtedness. The Company anticipates estimated interest cost savings resulting from these actions to be approximately $90 million in 2019.

About First Data

First Data (NYSE: FDC) is a global leader in commerce-enabling technology and solutions, serving approximately six million business locations and 4,000 financial institutions in more than 100 countries around the world. The Company’s 22,000 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 3,000 transactions per second and $2.4 trillion per year. For more information, visit www.firstdata.com and follow us on Twitter at @FirstData.