Western Union Announces Completion of $750 Million Debt Offering
11 12월 2012 - 7:40AM
Business Wire
The Western Union Company (NYSE: WU) announced today that it has
successfully completed a $750 million issuance of senior unsecured
notes. The issuance includes $250 million of notes due 2015, with
an interest coupon of 2.375%, and $500 million of notes due 2017,
with an interest coupon of 2.875%.
“We are pleased with the positive response to our debt
offering,” said Executive Vice President and Chief Financial
Officer Scott Scheirman. “Our business generates strong cash flow,
and we were able to increase our offering to $750 million due to
the high level of demand.”
The proceeds of the offering will be utilized for general
corporate purposes, including stock repurchases and repayment of
indebtedness.
About Western Union
The Western Union Company (NYSE: WU) is a leader in global
payment services. Together with its Vigo, Orlandi Valuta, Pago
Facil and Western Union Business Solutions branded payment
services, Western Union provides consumers and businesses with
fast, reliable and convenient ways to send and receive money around
the world, to send payments and to purchase money orders. As of
September 30, 2012, the Western Union, Vigo and Orlandi Valuta
branded services were offered through a combined network of
approximately 510,000 agent locations in 200 countries and
territories. In 2011, The Western Union Company completed 226
million consumer-to-consumer transactions worldwide, moving $81
billion of principal between consumers, and 425 million business
payments. For more information, visit www.westernunion.com.
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