secwatch.observer — SEC 8-K summary
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Issuer:     Western Union CO (WU)
CIK:        0001365135
Form:       8-K
Filed at:   2023-12-04T23:59:59+00:00
Accession:  0000950170-23-067746
Event type: debt
Sentiment:  neutral
Materiality: 0.30
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1365135/000095017023067746/0000950170-23-067746-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1365135/000095017023067746/wu-20231130.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-067746

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