Worldpay : Update on the name and our thoughts on the consent solicitation
Worldpay announced on 26 June that a consent solicitation relating to the legacy Worldpay 2022 bonds has commenced. The purpose is to amend the indenture so that for as long as Vantiv, LLC, which is an indirect parent holding company of Worldpay Group, provides a guarantee on the bonds, the ongoing reporting requirements under the indenture may be satisfied by reports of the ultimate parent guarantor or any parent holdco company of the ultimate parent guarantor. The proposed amen...Worldpay is a holding company. Through its subsidiaries, the company provides electronic payment processing services to merchants and financial institutions. The company operates two segments: Merchant Services, which provides merchant acquiring and payment processing services to national merchants, regional and small-to-mid sized businesses; and Financial Institution Services, which provides card issuer processing, payment network processing, fraud protection, card production, prepaid program management, automated teller machine driving and network gateway and switching services that utilize the company's proprietary Jeanie debit payment network to a set of financial institutions.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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