WorldPay, a British payment processing company, will now have funds to pay a dividend and repay an expensive mezzanine loan with a new 700 million pound-equivalent ($1.8 billion) loan it had successfully raised.

Of the new 700 million pound equivalent term loan, 250 million pounds was raised in sterling, 137.5 million pounds in euros and 312.5 million pounds in dollars.

Sources said that an estimated 340 million pounds of the new loan will be allocated for the payment of a dividend to private equity owners that will also sell WorldPay's U.S. business. The remaining amount will be used to repay an expensive 343 million pound mezzanine loan that was used to back Advent and Bain's 2 billion pound buyout of WorldPay in 2010.

WorldPays has also been given permission from its lenders to sell its U.S. operation, and flexibility with the proceeds of the sale. Sale proceeds are expected to be used to pay down debt and to pay a second dividend to Advent and Bain.