EFTA01382844.pdf

S- I/A Table of Contents FIRST DATA CORPORATION NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) Foreign Lines of Credit kind Other Arrangements As of June 30.2015 and December 3). 2014. the Company had approximately $302 million and $349 million. respectively, available under short-term lines of credit and other arrangements with foreign banks and alliance partners primarily to fund settlement activity. As of June 30, 2015, thc Company had a $150 million committed line of credit for one of thc Company's U.S. alliances. The remainder of these arrangements are primarily associated with international operations and are in various functional currencies, the most significant of which are the Australian dollar, the Polish zloty, and the euro. Of the amounts outstanding as of June 30, 2015 and December 31, 2014, $25 million and $67 million, testndively, were uncommitted. Senior Secured Revolving Credit Facility On June 2, 2015, the Company terminated and replaced its previous $1.0 billion senior secured revolving credit facility maturing September 24, 2016 with a new $1.25 billion senior secured revolving credit facility maturing on June 2, 2020 subject to timely reduction of the Company's term loans. The Company had $204 million and $10 million outstanding against these facilities as of June 30, 2015 and December 31, 2014, respectively. Up to $250 million of the new senior secured revolving credit facility is available for letters of credit, of which $41 million and $43 million of letters of credit were issued under these facilities as of June 30. 2015 and December 31, 2014, tsapt...tively. As of June 30, 2015, $1.0 billion remained available. Falr Value Measurement As of June 30, 2015, the fair value of the Company's long-term borrowings was $21.9 billion. The estimated fair value of the Company's long-term borrowings was primarily based on market trading prices and is considered to be a Level 2 measurement. Note 6: Segment Information During the quarter, the Company realigned its operating segments into three reportable segments: Global Business Solutions, Global Financial Solutions, and Network & Security Solutions. Following the realignment, the Company retroactively adjusted all segment related disclosures included within the notes to the unaudited consolidated financial statements. For a detailed discussion of the Company's principles and detailed discussions regarding its operating segments refer to Note 13 "Segment Information" in the Company's December 31, 2014 audited consolidated financial statements. The presentation of the unaudited consolidated statements of operations for thc three and six months ended June 30. 2014 have been revised to classify $24 million and $35 million, respectively, of independent sales organization commissions expenses as Selling, general. and administrative expense. Previously, these costs were included in "Cost of services" and "Cost of products sold" in the Company's unaudited consolidated statements of operations. The impact of these revisions was not considered to be material to previously issued consolidated financial statements and had no effect on net loss, equity. or cash flows in any previously issued consolidated financial statements. F-85 http/Avviw.secgov/Archivestedgaridatat883980/000119312515334479/d31022dsla.html10/14/2015 9:06:38 AM] CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0082354 CONFIDENTIAL SDNY GM_00228538 EFTA01382844