Western Union signs $800 million delayed draw term loan, expandable to $1 billion
Western Union entered into an unsecured delayed draw term loan credit agreement on January 9, 2026, providing an $800 million facility that can be drawn through July 8, 2026. The company may increase commitments to as much as $1 billion, subject to obtaining additional bank commitments, and proceeds may be used for general corporate purposes, including refinancing debt and permitted acquisitions.
Key points
- Facility size: $800 million unsecured, with an option to increase commitments to $1 billion in total
- Draw period runs from January 9, 2026 through July 8, 2026; final maturity is the third anniversary of the initial funding date
- Current pricing: Term SOFR plus 1.250% (margin range 1.000% to 1.625%) or base rate plus 0.250%, plus a quarterly ticking fee of 0.110% on unused commitments
- Bank of America, N.A. is administrative agent; the agreement includes covenants limiting asset sales, mergers, liens and subsidiary-level debt, and requires a consolidated interest coverage ratio
The filing
Written by AI on Nov 8, 2026, 6:56 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on January 09, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.