First Data 2012 Annual Report Download - page 89

FIRST DATA CORPORATION
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Continued)
annual interest rate on the notes will increase by an additional 0.25% for each subsequent 90-day period during which the registration
default continues, up to a maximum additional interest rate of 0.50% per year. FDC may subsequently cure the registration default and
the applicable interest rate on the unsecured notes will revert to the original rate. If FDC must pay additional interest, it will be paid in
cash on the same dates that other interest payments on the notes are made, until the registration default is corrected.
Joinder Agreement to the Senior Secured Credit Facilities. On February 13, 2013, FDC entered into a February 2013
Joinder Agreement relating to its credit agreement, pursuant to which FDC incurred $258 million in new term loans maturing on
September 24, 2018. The interest rate applicable to the new September 2018 Term Loans is a rate equal to, at FDC’ s option, either
(a) LIBOR for deposits in U.S. dollars plus 500 basis points or (b) a base rate plus 400 basis points. FDC used the net cash proceeds
from the new term loans to repay all of its outstanding term loan borrowings maturing in 2014 and to pay related fees and expenses.
Related Financing Costs. In connection with the debt offering and amendment to the senior secured credit facilities discussed
above, the Company incurred lender fees and other expenses of approximately $14 million, excluding premiums paid of
approximately $21 million related to the tender offer and debt repurchase.
Other
In November 2011, FDC paid off its 5.625% notes due 2011 for $32.6 million.
In June 2010, FDC paid off its 4.50% notes due 2010 for $13.1 million.
Maturities
The following table presents the future aggregate annual maturities of long-term debt:
89
Year ended December 31,
(in millions) Par Amount
2013 $80.3
2014 294.0
2015 1,568.0
2016 2,506.6
2017 2,672.0
Thereafte
r
15,665.4