First Data Corp. said its creditors tendered more than $1.6 billion of corporate debt under a purchase offer the Denver company made Nov. 7.
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Colin Wheeler, a spokesman for the company, the nation's largest payment processor, said the tenders represented roughly 70% of the debt outstanding in the five highest-priority different series of notes, which had due dates from December 2007 to November 2011.
Because the amount of notes tendered exceeded its $1.6 billion cap, First Data said that it would return to their owners three series of notes with due dates between August 2008 and June 2015, and one series, due October 2011, the No. 6 priority tranche, would be prorated.
