This qualifies as a good sign. The roadshow for the first $5 billion in First Data bonds is underway, and demand appears to be strong. According to the AP, guidance on the total $13 billion of loans puts the price at 96 cents to the dollar and the risk premium at 2.75 percentage points over LIBOR. So it's a good deal. After a roadshow in Boston, cash orders are said to have increased to $8 billion from $6.5 billion. There is more financing to be done, including the sale of about $9 billion in higher yielding bonds. But it's fair to say that if all goes well, people will be breathing much easier about the credit and deal environment. Certainly, this is good news for the $300 million plus deal financing backlog. Kohlberg Kravis Roberts closed the deal this Monday.  

For more:
- here's the AP article

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