DENVER – Payments processor First Data Corp. said Friday interest expense related to last year’s $27 billion takeover by Kohlberg Kravis Roberts & Co., created a $174.4 million loss for its third quarter, and a $546.7 million loss for the first nine months of the year.
The interest costs, $497.7 million for the quarter and $1.5 billion for the nine months, erased healthy operating profits of $123.9 million, and $527.3 million, respectively.
Revenues rose 4% for the third quarter, to $2.2 billion, and 10% for the nine months to $6.5 billion.
The company’s merchant services unit generated $1 billion of revenues in the third quarter, down 3%; while financial services reported $700 million in revenues, down 8%; while international business was up 19% to $487 million.
