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Lenders agree to refinance First Data's term loans

A group of new and existing lenders agreed to provideFirst Data Corp. withapproximately $4.3 billion and €200 million of term loans due March 2021 at aninterest rate of LIBOR plus 300 basis points.

Through the transaction, First Data will be able torefinance its existing term loans that are due in March 2021 at an interestrate 100 basis points lower than those they will replace. The transaction willresult in annualized cash interest savings of approximately $45 million.

The closing of the transaction is subject to market andother conditions.