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Total System Services closes sale of senior notes

Total System Services Inc. has closed the sale of $1 billion of senior notes.

The company offered $550 million of 4.000% senior notes due 2023 and $450 million of 4.450% senior notes due 2028.

The company intends to use net proceeds to repay all of its outstanding 2.375% senior notes due June 1 at maturity; all of its remaining outstanding debts under a Jan. 10 credit agreement; and with any remaining amounts, a portion of the $1.34 billion outstanding under its April 23 credit agreement.