Western Union CO 8-K

What Happened
Western Union announced on January 9, 2026 that it entered into a delayed-draw term loan credit agreement providing an $800 million unsecured term loan facility with a syndicate of banks (Bank of America, State Bank of India, Wells Fargo and others). Western Union may draw loans under the facility from the Closing Date through July 8, 2026, and has the option to increase total commitments up to $1.0 billion subject to additional bank commitments. Proceeds may be used for general corporate purposes, including refinancing debt and permitted acquisitions.

Key Details

• Facility size: $800,000,000 unsecured delayed-draw term loan; option to increase up to $1,000,000,000.
• Draw period: from January 9, 2026 (Closing Date) through July 8, 2026; any increases after the second funding date must be funded in full at the time of the new commitment.
• Interest: either Term SOFR + margin (sliding scale 1.000%–1.625%; currently 1.250%) or Base Rate + margin (sliding scale 0.000%–0.625%; currently 0.250%); a quarterly ticking fee on unused commitments applies (0.080%–0.200%; currently 0.110%).
• Maturity and parties: final maturity is the third anniversary of the initial funding date; Bank of America, N.A. serves as Administrative Agent; State Bank of India, New York Branch and Wells Fargo Bank, N.A. are Syndication Agents.
• Covenants and terms: customary reps, covenants and defaults, including limits on asset sales/mergers, granting security, certain liens, subsidiary dividends, sale-leasebacks, and a required consolidated interest coverage ratio.

Why It Matters
This filing reports a new unsecured credit facility that creates a direct financial obligation for Western Union and gives the company near-term optional financing capacity. For investors, the facility increases liquidity flexibility (and optional leverage if fully drawn or increased) and will affect future interest expense depending on Western Union’s credit rating and which interest option is used. Key items to watch: whether and how much Western Union draws, any increase to $1.0B, uses of the proceeds (refinancing vs. acquisitions), and compliance with the consolidated interest coverage covenant.