Total System Services $1 billion 4% and 4.45% notes issues

18/5/2018

Investment grade bond/note issue

Value:

$ 1 billion

Status:

Completed

Date:

18/5/2018

Overview:

Total System Services has issued $1 billion in senior notes.
The issue consisted of $550 million 4% notes due 2023 and $450 million 4.45% notes due 2028.
Proceeds will be used to repay existing debts.
Underwriters on the deal were Merrill Lynch Pierce Fenner & Smith and JPMorgan Securities.

Katrin Kostadinova - Data analyst

Jurisdiction:

United States

Deal type:

Investment grade bond/note issue

Practice area:

Capital markets : Debt

Governing law:

United States

Industry sector:

Financial services

Firms:

King & Spalding

Party: Total System Services (Issuer)

Simpson Thacher & Bartlett

Party: Merrill Lynch Pierce Fenner & Smith (Underwriter)

Party: JPMorgan Securities (Underwriter)

Lawyer: Lesley Peng

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