FDC seeks to conform outstanding note covenant.HACKENSACK, N.J.--(BUSINESS WIRE)--Sept. 18, 1995--First Data Corporation (NYSE NYSE See: New York Stock Exchange : FDC FDC - Floppy Disk Controller ) today announced that it would seek the consent of holders of its 6 5/8% notes due April 1, 2003 to amend a covenant in the notes to conform with FDC's recently issued 6 3/4% notes due July 15, 2005. The solicitation solicitation In criminal law, the act of asking, inducing, or directing someone to commit a crime. The person soliciting another becomes an accomplice to the crime. The term also refers to the act of obtaining bribes, as well as to the crime of a prostitute who offers sexual , which commences today, will remain open until 5 p.m. (EDT EDT abbr. Eastern Daylight Time EDT Eastern Daylight Time EDT n abbr (US) (= Eastern Daylight Time) → hora de verano de Nueva York EDT ) on Oct. 4, 1995, unless extended. The consent of a majority in principal amount of the 6 5/8% notes is needed to effect the modification. In the event that all conditions are met and the covenant is amended, holders of record as of Sept. 18, 1995 who submit valid and unrevoked consents will be entitled to receive the consent fee of $1 per $1,000 of note principal. The principal amount currently outstanding for the issue is $200 million. Lehman Brothers Lehman Brothers Holdings Inc. (NYSE: LEH), founded in 1850, is a diversified, global financial services firm. It is a participant in investment banking, equity and fixed income sales, research and trading, investment management, private equity, and private banking. Inc. is the solicitation agent for the transaction, and D.F. King & Co. Inc. is acting as the information agent. Holders with questions concerning this solicitation should address them to Ray Kahn or Steve Delaney of the Lehman Brothers Liability Management Group (800-438-3242 or 212-528-7582). First Data Corporation is a leading provider of high-quality, high-volume information processing information processing: see data processing. information processing Acquisition, recording, organization, retrieval, display, and dissemination of information. Today the term usually refers to computer-based operations. and related services to the transaction card, payment instruments, mutual fund, teleservices, receivables and information management industries. CONTACT: First Data Corp. Mark Steele, 402/222-8354 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion