KKR’s First Data Seeks Extension on $3 Billion of LBO Loans
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First Data Corp., the credit-card processor acquired by KKR & Co. in 2007 for $27.5 billion, said it plans to seek to extend a portion of the loans used to finance the buyout, according to a regulatory filing.
The company will host a call with lenders tomorrow at 1:30 p.m. in New York, according to a person with knowledge of the matter. Credit Suisse Group AG and Citigroup Inc. will arrange the extension, said another person briefed on the matter. Both people declined to be identified because the talks are private.