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 |