CINCINNATI, Dec. 7, 2017 /PRNewswire/ –Vantiv, Inc. (NYSE: VNTV) today announced that Vantiv, LLC and Vantiv Issuer Corp., subsidiaries of Vantiv, Inc., have priced their offering of $500,000,000 aggregate principal amount of 4.375% senior unsecured notes due 2025 and £470,000,000 aggregate principal amount of 3.875% senior unsecured notes due 2025 (together, the “Notes”). The completion of the Notes offering is subject to customary closing conditions.
Vantiv intends to use the net proceeds from the offering of the Notes to refinance existing debt of Worldpay Group plc, a public limited company registered in England and Wales (“Worldpay”), in connection with Vantiv’s acquisition of Worldpay (the “Acquisition”) and to pay fees and expenses in connection with the Acquisition and its financing. If completed, the gross proceeds of the Notes will be deposited into an escrow account in the name of Vantiv, LLC subject to completion of the Acquisition and the satisfaction of other conditions, and such proceeds are expected to reduce commitments for Vantiv’s senior unsecured bridge facility. If the completion of the Acquisition does not occur by a specified date or certain other events occur, the Notes will be subject to a special mandatory redemption.
The Notes will be offered in the United States to qualified institutional buyers that are qualified purchasers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and outside the United States to non-U.S. persons pursuant to Regulation S under the Securities Act. The Notes will not be registered under the Securities Act or any state securities laws and, unless so registered, may not be offered or sold in the United States except pursuant to an applicable exemption from the registration requirements of the Securities Act and applicable state securities laws. This press release does not constitute an offer to sell any security and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer or sale would be unlawful.
Vantiv, Inc. (NYSE: VNTV) is a leading payment processor differentiated by an integrated technology platform. Vantiv offers a comprehensive suite of traditional and innovative payment processing and technology solutions to merchants and financial institutions of all sizes, enabling them to address their payment processing needs through a single provider. We build strong relationships with our customers, helping them become more efficient, more secure and more successful. Vantiv is the largest