Business Context and Reporting Period
Company: The Western Union Company
Filing Type: Form 8-K (Current Report)
Date of Report: December 18, 2019
Event: Extension of the termination date for the Amended and Restated Credit Agreement.
Key Financial Metrics
This filing does not contain financial performance data such as revenue, profit, cash flow, margins, or liquidity ratios. The report focuses exclusively on a corporate governance and debt maturity event.
Material Changes
- Credit Agreement Extension: Western Union exercised its option under Section 2.25 of its Credit Agreement to extend the termination date by one year.
- New Termination Date: The maturity date was extended from January 8, 2024, to January 8, 2025.
- Effective Date: The extension became effective on December 18, 2019.
- Lenders: The syndicate includes Citibank, N.A., Bank of America, N.A., and Wells Fargo Bank, National Association, among others.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, or discussion of risks and contingencies beyond the specific action of extending the credit facility. No unusual items were reported.
Investor Verification Checklist
- Verify the total outstanding principal balance under the Amended and Restated Credit Agreement as of the filing date.
- Confirm the interest rate structure and any associated fees for the extended period through January 2025.
- Review the company's most recent 10-K or 10-Q to assess current liquidity and debt covenants relative to the extended maturity.
- Check if the extension impacts the company's ability to request a further one-year extension (the agreement allows up to two such requests).