First Data 2009 Annual Report Download - page 180

FIRST DATA CORPORATION
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Continued)
of management. The inputs to the valuations are largely unobservable, and the measurements are accordingly
classified as Level 3. The specific impairments and the fair value methodology for each are described in Note 3.
Note 19: Supplemental Guarantor Condensed Consolidating Financial Statements
As described in Note 9 above, the Company’s 9.875% senior notes, 10.55% senior PIK notes and 11.25%
senior subordinated notes are unconditionally guaranteed by substantially all existing and future, direct and
indirect, wholly owned, domestic subsidiaries of FDC other than Integrated Payment Systems Inc.
(“Guarantors”). None of the other subsidiaries of FDC, either direct or indirect, guarantee the notes (“Non-
Guarantors”). The Guarantors also unconditionally guarantee the senior secured revolving credit facility and
senior secured term loan facility. The 9.875% senior note, 10.55% senior PIK note and 11.25% senior
subordinated note guarantees are unsecured and rank senior in right of payment to all existing and future
subordinated indebtedness of FDC’s guarantor subsidiaries. The 9.875% senior note, 10.55% senior PIK note and
11.25% senior subordinated note guarantees rank equally in right of payment with all existing and future senior
indebtedness of the guarantor subsidiaries.
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