secwatch.observer — SEC 8-K summary
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Issuer:     Western Union CO (WU)
CIK:        0001365135
Form:       8-K
Filed at:   2024-06-28T23:59:59+00:00
Accession:  0000950170-24-078791
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1365135/000095017024078791/0000950170-24-078791-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1365135/000095017024078791/wu-20240625.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-078791

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