Monday, 04 June 2007

First Data to issue up to $8 bln junk bonds for LBO

(Reuters) - The junk bond financing will include up to $5.5 billion in
senior unsecured notes and up to $2.5 billion in senior
subordinated notes.




Citigroup, Credit Suisse Securities, Deutsche Bank
Securities, HSBC Securities, Lehman Brothers, Goldman Sachs
Credit Partners and Merrill Lynch will provide a bridge loan if
the high-yield notes are not sold in time to finance the
buyout, according to the filing.


Read more at Reuters.com Bonds News

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