The Car and Truck Fleet and Leasing Management Magazine

Comdata Seeks to Raise $855M In Financing

June 13, 2014

Payment processor Comdata is seeking to raise $855 million in debt financing as part of a plan to retire some of its parent company's debt ahead of the Comdata initial public offering.

Comdata and parent Ceridian announced they have proposed provisional tender offers for two series of Ceridian notes, including a series of toggle notes, scheduled to expire next year.

The outstanding notes have principal amounts remaining of $765 million and $91 million and carry interest rates of 11.25 percent and between 12.25 and 13 percent.

Comdata hopes to pay $1,007 per $1,000 of notes to those submitting notes by June 4. After that, the company will pay $987 per $1,000 in principal.

Comdata, which provides fleet fuel cards, announced in early April it would file for the public offering.


Comdata Files for Initial Public Offering

Twitter Facebook Google+


Please note that comments may be moderated. 
Leave this field empty:

Fleet Incentives

Determine the actual cost of owning and running a vehicle in your fleet. Compare vehicles by class and model.


Fleet Tracking And Telematics

Todd Ewing from Verizon Connect will answer your questions and challenges

View All


Fleet Management And Leasing

Jack Firriolo from Merchants will answer your questions and challenges

View All


Fuel Management

Bernie Kanavagh from WEX will answer your questions and challenges

View All


Sponsored by

Freightliner Trucks is a division of Daimler Trucks North America, the largest manufacturer of heavy-duty vehicles in North America and a manufacturer of medium-duty vehicles.

Read more

Fuel Saving Strategies Survey

View our 2008 survey to benchmark your fleet's fuel and green strategies with other fleets.

Fuel Calculator

A managed fuel program can help you save time and money and gain control over the way you fuel your vehicles. Determine your potential savings by using our fuel calculator.
Launch Fuel Calculator 

Fuel Prices

U.S. Gasoline and Diesel Fuel Prices.

Launch Fuel Prices 

Up Next

More From The World's Largest Fleet Publisher