---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-067746"
form_type: "8-K"
ticker: "WU"
cik: "0001365135"
company_name: "Western Union CO"
filed_at: "2023-12-04T23:59:59+00:00"
generated_at: "2026-06-07T18:38:49.010273+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# Western Union enters new $1.25B revolver, replacing $1.5B prior facility

## Summary
- New $1.25B unsecured revolving credit facility with $250M letter of credit subfacility and $300M swing line sublimit.
- Replaces prior $1.5B credit agreement dated Dec 18, 2018; final maturity November 30, 2028.
- Interest margins: Term SOFR plus 0.920%-1.425% or Base Rate plus 0.000%-0.425%, based on ratings.
- Facility fee ranges 0.080%-0.200% of total commitment; current margin is 1.140% for Term Benchmark loans.
- Covenants include consolidated interest coverage ratio and restrictions on asset sales, mergers, liens, subsidiary debt.

## SEC filing metadata
- accession: 0000950170-23-067746
- form_type: 8-K
- ticker: WU
- cik: 0001365135
- company_name: Western Union CO
- filed_at: 2023-12-04T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1365135/000095017023067746/0000950170-23-067746-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1365135/000095017023067746/wu-20231130.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-067746
- JSON: https://secwatch.observer/filing/0000950170-23-067746.json
- Plain text: https://secwatch.observer/filing/0000950170-23-067746.txt

## Key facts
- Debt Financings
  Western Union CO amended revolving credit of $1.25 billion with Citibank, N.A., Bank of America, N.A. and Wells Fargo Bank, National Association at Adjusted Term SOFR plus an interest rate margin of 1.140% or Base Rate plus a ma maturing November 30, 2028.
  - Instrument: revolving credit
  - Principal: $1.25 billion
  - Counterparty: Citibank, N.A., Bank of America, N.A. and Wells Fargo Bank, National Association
  - Rate: Adjusted Term SOFR plus an interest rate margin of 1.140% or Base Rate plus a ma
  - Maturity: November 30, 2028
  - Event: amendment
  source text: The New Credit Agreement provides for a $1.25 billion revolving credit facility that includes a $250 million letter of credit subfacility and $300 million swing line sublimit.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1365135/000095017023067746/0000950170-23-067746-index.htm
- Material Agreements
  Western Union CO terminated Prior Credit Agreement with Citibank, N.A. valued at replaced and reevidenced the existing unsecured financing facility (effective 2023-11-30).
  - Action: termination
  - Agreement: credit facility
  - Counterparty: Citibank, N.A.
  - Value: replaced and reevidenced the existing unsecured financing facility
  - Effective: 2023-11-30
  source text: The New Credit Agreement replaced and reevidenced the existing unsecured financing facility evidenced by the Credit Agreement, dated as of December 18, 2018 (as amended through the date hereof (prior to the effectiveness of the New Credit Agreement), the "Prior Credit Agreement"), among Western Union, the lenders party thereto and Citibank, N.A., as Administrative Agent.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1365135/000095017023067746/0000950170-23-067746-index.htm
- Material Agreements
  Western Union CO entered into second amended and restated credit agreement with Citibank, N.A. valued at $1.25 billion revolving credit facility (effective 2023-11-30).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Citibank, N.A.
  - Value: $1.25 billion revolving credit facility
  - Effective: 2023-11-30
  source text: On November 30, 2023 (the "Closing Date"), The Western Union Company ("Western Union") entered into a second amended and restated credit agreement (the "New Credit Agreement") providing for unsecured financing facilities in an aggregate amount of $1.25 billion with a syndicate of lenders including Citibank, N.A., Bank of America, N.A. and Wells Fargo Bank, National Association, in their respective capacities as Issuing Lenders and in their respective capacities as Swing Line Banks, Bank of America, N.A. and Wells Fargo Bank, National Association, as Syndication Agents, Barclays Bank PLC, JPMorgan Chase Bank, N.A., and U.S. Bank National Association, as Documentation Agents, and Citibank, N.A., as Administrative Agent for the lenders thereunder.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1365135/000095017023067746/0000950170-23-067746-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.