Private Equity News & Analysis

4 FIRST DATA<br/>PAYDAY DELAY

4 FIRST DATA<br/>PAYDAY DELAY 2009-10-01 Staff Writer <strong>Great company, way too much debt</strong><br> <table> <tbody> <tr> <td><strong>THE DEAL</strong></td> <td><br> <

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Great company, way too much debt

THE DEAL
Company First Data
Type of business e-commerce and payments
Date completed September 2007
Sponsors Kohlberg Kravis Roberts
Deal value $29.5 billion
Total equity $6.3 billion
SNAPSHOT
Value of equity 0.6 times cost
Term loan 85.75
Senior unsecured 9.87% 90.00
Senior subordinated 11.25% 83.25