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Global Payments establishes new credit agreement
Publication- Money Control
Edition- Online
Date- 17 July, 2019
Global Payments, a worldwide provider of payment technology and software solutions, successfully closed a new senior unsecured $2 billion term loan and an unsecured $3 billion revolving credit facility on July 9, 2019 in connection with its previously announced merger with Total System Services. The facilities will be available for borrowing on the date the merger becomes effective and are expected to replace Global Payments’ existing secured credit facilities and TSYS’ unsecured revolving credit facility.
Under the terms of the facilities, the interest rate margin currently applicable to Global Payments’ existing facilities is expected to be reduced by 12.5 basis points, subject to future adjustments based on a ratings-based pricing grid. The $3 billion revolving credit facility represents an increase of $1.5 billion over the company’s existing revolver capacity, providing Global Payments with ample capacity to continue to pursue its strategy post-closing of the merger. Further, the new facilities will mature five years following the effective date of the merger. The agreements include certain financial covenants that are customary in investment grade credit facilities.
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SBI credit card holders? here is how to make payment through State Bank of India ATM sbi.co.in
Publication- Zee Business
Edition- Online
Date- 17 July, 2019
SBI credit card holder Looking make your payments? You can pay your bills via SBI ATM. The State Bank of India enables customers to pay their credit card dues from the bank's network of more than 26,000 ATMs in the country. The bank does not charge any extra charges, according to the website sbi.co.in. The facility allows your SBI credit card payment to get credited in account within four working days. In order to avail this facility, the user will have to register himself on the listed ATM.
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