Finextra – 10/15/13: First Data Corporation (“First Data”), a global leader in electronic commerce and payment processing, today announced that its parent company, First Data Holdings Inc. (“Holdings”), has reached an agreement with existing debt holders to repay a portion of the approximately $2 billion 11.5% senior payable-in-kind (“PIK”) notes due 2016 (the “existing notes”), and exchange the remainder for new 14.5% senior PIK notes due 2019 (the “new notes”).
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