trending Market Intelligence /marketintelligence/en/news-insights/trending/XeGTnI8-ggxUXTyOWwlLQg2 content esgSubNav
In This List

Vantiv units complete senior note offering

Video

S&P Capital IQ Pro | Powering Your Edge

Case Study

A Prestigious Global Business School Gains a Competitive Edge

Video

S&P Capital IQ Pro | Unrivaled Sector Coverage

Gaining a Competitive Advantage with ESG Data for Student-Managed Investment Funds


Vantiv units complete senior note offering

Vantiv Inc. units Vantiv LLC and Vantiv Issuer Corp. have completed their offering of $500 million of 4.375% senior unsecured notes due Nov. 15, 2025, and £470 million of 3.875% senior unsecured notes due Nov. 15, 2025.

Interest on the notes will be payable semiannually in arrears on May 15 and Nov. 15 each year, starting May 15, 2018.

Vantiv intends to use the net proceeds to refinance existing debt of Worldpay Group plc in connection with its acquisition of that company and to pay fees and expenses related to the deal and its financing.

The gross proceeds of the notes have been deposited into escrow accounts in the name of Vantiv LLC, subject to completion of the acquisition and the satisfaction of other conditions.

If the completion of the acquisition does not occur by a specified date or certain other events occur, the notes will be subject to a special mandatory redemption.