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Western Union files for notes offering

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Western Union files for notes offering

Western Union Co. is offering $300 million of its 4.250% notes due 2023.

Interest on the notes is payable June 9 and Dec. 9 of each year, starting Dec. 9. The notes will mature on June 9, 2023.

Net proceeds to the company from the sale of the notes are expected to be approximately $297.1 million, after deducting the underwriting discount and other expenses of the offering payable by the company.

Western Union plans to use the net proceeds for general corporate purposes, including the repayment of its outstanding 3.650% notes due 2018.

Barclays Capital Inc. and Merrill Lynch Pierce Fenner & Smith Inc. are joint book-running managers of the offering. BNY Mellon Capital Markets LLC, CIBC World Markets Corp., Credit Suisse Securities (USA) LLC, Fifth Third Securities Inc., J.P. Morgan Securities LLC, Mizuho Securities USA LLC, MUFG Securities Americas Inc., Scotia Capital (USA) Inc. and U.S. Bancorp Investments Inc. are serving as co-managers.