Western Union signs $800M unsecured term loan facility, expandable to $1B

Western Union CO

Delayed draw term loan of $800M, draw period from June 25, 2024 to Dec 15, 2024.
Option to increase commitments up to $1B with additional lender approval.
Interest: Term SOFR + 1.000%-1.625% or Base Rate + 0.000%-0.625% (based on credit rating).
Proceeds for general corporate purposes, including debt refinancing and fees.
Final maturity is 3 years from initial funding date; includes customary covenants and ICR maintenance.

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