First Data announced Thursday that it will once again become a publicly held company.
The payments processor said it would issue a public offering of 160 million shares of Class A common stock at between $18 and $20 per share. The company applied to list its Class A shares on the New York Stock Exchange under the symbol FDC.
First Data also said it would use the net proceeds of the offering to redeem unsecured notes worth $510 million, which would have been due in 2021. The balance of the proceeds will be put toward approximately $2 billion in senior unsecured notes, also due in 2021, and for general corporate purposes.
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