First Data tenders its Outstanding Debt Securities

First Data Corporation announced this week cash tender offers in respect of an aggregate of $115.2 million of its outstanding unsecured debt securities to be referred as the "Notes." In case of observance of all the tender terms holders of the Notes will be eligible to receive the applicable total consideration (which includes the early tender payment) for such Notes purchased in the tender offers.

Thus, holders who wish to receive the total consideration must validly tender and not validly withdraw their Notes prior to 5:00 p.m., New York City time, on December 17, 2008, unless extended or earlier terminated by First Data in its sole discretion (the "Early Tender Deadline") while the offer will expire at 5:00 p.m. on December 29, 2008 (Offer Expiration Date). Tendered notes may not be withdrawn after 5:00 p.m., New York City time, on December 17, 2008, subject to certain exceptions. Holders who validly tender their Notes after the Early Tender Deadline and prior to the Offer Expiration Date will be eligible to receive the tender offer consideration which is an amount, paid in cash, equal to the applicable total consideration less the early tender payment.

Citi was retained to represent First Data as the dealer manager for the tender offers while Deutsche Bank Luxembourg SA has been appointed Luxembourg tender agent for the offer for the 5.625% Senior Notes due 2011. Other details related to the tender terms and conditions can be found in the company press release.

First Data is a global technology leader in information commerce. With operations in 37 countries, First Data serves more than 5.4 million merchant locations and more than 2,000 card issuers and their customers. The company's portfolio of services and solutions includes merchant transaction processing services; credit, debit, private-label, gift, payroll and other prepaid card offerings; fraud protection and authentication solutions; electronic check acceptance services through TeleCheck; as well as Internet commerce and mobile payment solutions. The company's STAR Network offers PIN-secured debit acceptance at 2.1 million ATM and retail locations.