FIS Announces Pricing of Senior Notes Offering
Fidelity National Information Services, FIS, (NYSE:FIS), a global leader in financial services technology, today announced the pricing of its multi-tranche offering of senior notes denominated in Euro and Pounds sterling (collectively, the “Senior Notes”) as follows:
Euro senior notes:
- €1,000,000,000 principal amount of 0.125% Senior Notes due 2022;
- €625,000,000 principal amount of 0.625% Senior Notes due 2025;
- €625,000,000 principal amount of 1.000% Senior Notes due 2028; and
Pounds sterling senior notes
- £300,000,000 principal amount of 2.250% Senior Notes due 2029.
FIS intends to use the net proceeds from the Senior Notes offering to pay for up to approximately $2.9 billion aggregate principal amount of certain outstanding senior notes pursuant to cash tender offers commenced today, including accrued and unpaid interest. Any remaining net proceeds would be used for general corporate purposes, which may include the refinancing of upcoming debt maturities or borrowings under its existing commercial paper programs. Pending such uses, FIS may invest the net proceeds from the Senior Notes offering temporarily in investment-grade securities, money-market funds, bank deposit accounts or similar short-term investments, or use such net proceeds to repay outstanding borrowings under its existing commercial paper programs or revolving credit facility. The Senior Notes offering is expected to close on December 3, 2019, subject to the satisfaction of customary closing conditions.
J.P. Morgan Securities plc, Merrill Lynch International, MUFG Securities EMEA plc and Wells Fargo Securities International Limited are joint book-running managers for the Senior Notes offering. The Senior Notes offering is being made only by means of the prospectus supplement and accompanying prospectus. You may obtain copies of these documents without charge from the Securities and Exchange Commission (the “SEC”). Alternatively, you may request these documents by contacting J.P. Morgan Securities plc collect at +44-207-134-2468, Merrill Lynch International at +1-800-294-1322, MUFG Securities EMEA plc at +44-207-577-2228 or Wells Fargo Securities, LLC toll free at 1-800-645-3751. The Senior Notes are being offered pursuant to an effective shelf registration statement filed with the SEC on July 31, 2019.