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July 28, 2015 10:38 AM ET

IT Services

Company Overview of First Data Corporation

Company Overview

First Data Corporation provides electronic commerce and payment solutions for merchants, financial institutions, and card issuers worldwide. The company’s Merchant Solutions segment offers merchant acquiring services that facilitate the merchants’ ability to accept credit, debit, stored-value, and loyalty cards; and processing services comprising authorization, transaction capture, settlement, chargeback handling, and Internet-based transaction processing. It also provides prepaid stored-value card issuance and processing services for retailers and others; program management and processing services for association-branded, bank-issued, open loop, stored-value, reloadable, and one time prepai...

5565 Glenridge Connector, NE

Suite 2000

Atlanta, GA 30342

United States

Founded in 1989

22,310 Employees



Key Executives for First Data Corporation

Chairman and Chief Executive Officer
Age: 56
President and President of First Data Holdings Inc
Age: 55
Executive Vice President and Director of Finance
Age: 58
Chief Operations Officer and Executive Vice President
Age: 53
President of Retail & Alliance Services
Age: 52
Compensation as of Fiscal Year 2015.

First Data Corporation Key Developments

First Data To Start Trading Next Week

First Data Corporation has filed an IPO in the amount of $100.00 million. First Data plans to start hearing banker pitches this week for an initial public offering that could be the year’s biggest, according to people familiar with the matter.

First Data Corporation Enters into Credit Agreement

On July 10, 2015, First Data Corporation entered into a 2015 June Joinder Agreement relating to its credit agreement, dated as of September 24, 2007, as amended and restated as of September 28, 2007, as further amended as of August 10, 2010, March 24, 2011, March 13, 2012 and August 16, 2012, as modified as of September 27, 2012 and February 13, 2013 and as further amended as of April 10, 2013, April 15, 2013, January 30, 2014, July 18, 2014 and June 2, 2015, respectively, among the company, the several lenders from time to time parties thereto and Credit Suisse AG, Cayman Islands Branch, as administrative agent. Pursuant to the Joinder Agreement, the company incurred an aggregate principal amount of (i) $725 million in new dollar denominated term loans and (ii) €250 million in new euro denominated term loans, in each case with an ultimate maturity date of July 10, 2022 (the New 2022 Term Loans). The interest rate applicable to the New 2022 Term Loans is a rate equal to, at the company’s option, either (a) LIBOR plus 375 basis points or (b) solely with respect to New 2022 Term Loans denominated in dollars, a base rate plus 275 basis points. The company intends to use the net cash proceeds from the incurrence of the New 2022 Term Loans to repay, refinance or redeem in part certain of the company’s outstanding senior secured first lien notes and to pay certain fees and expenses.

First Data Corporation Appoints R.K. Sehgal to its Advisory Board

First Data Corporation announced that R.K. Sehgal has joined the First Data International Advisory Board. He currently serves on the Board of Directors of Primacy Industries International, India, and on the Board of the Northside Hospital, the Carter Center, and Southern Center for International Studies in Atlanta.

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