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Fitch Rates First Data's Sr Secured Term Loans 'BB/RR1'; Outlook Stable

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CHICAGO--(BUSINESS WIRE)--Fitch Ratings has assigned a 'BB/RR1' rating to First Data Corp.'s (FDC) senior secured term loans due 2022. FDC's Issuer Default Rating is 'B' with a Stable Outlook. At March 31, 2015, the company had $21 billion in total debt outstanding. FDC plans to enter into term loan facilities totalling $750 million consisting of a USD term loan and a Euro term loan. Proceeds are expected to be used to pay down the 1st lien secured notes due 2019. The term loan has the same pri

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