FIS Announces Pricing of Senior Notes Offering
February 23 2021 - 4:51PM
Business Wire
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 U.S. dollars (the “Senior Notes”) as follows:
- $750,000,000 0.375% Senior Notes due 2023;
- $750,000,000 0.600% Senior Notes due 2024;
- $1,250,000,000 1.150% Senior Notes due 2026;
- $750,000,000 1.650% Senior Notes due 2028;
- $1,250,000,000 2.250% Senior Notes due 2031; and
- $750,000,000 3.100% Senior Notes due 2041.
FIS intends to use the net proceeds from the Senior Notes
offering to purchase 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 the repayment of borrowings under FIS’ 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 March 2, 2021, subject to
the satisfaction of customary closing conditions.
J.P. Morgan Securities LLC, Barclays Capital Inc., Goldman Sachs
& Co. LLC, Citigroup Global Markets Inc. and U.S. Bancorp
Investments, Inc. are joint book-running managers for the Senior
Notes offering. The Senior Notes offering is being made only by
means of the applicable prospectus supplement and the 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 calling J.P.
Morgan Securities LLC, 383 Madison Avenue, New York, New York
10179, at +1 (212) 834-4533; Barclays Capital Inc., 745 Seventh
Avenue, New York, New York 10019, at +1 (888) 603-5847; Goldman
Sachs & Co. LLC, Prospectus Department, 200 West Street, New
York, NY 10282, telephone: 1-866-471-2526; Citigroup Global Markets
Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue,
Edgewood, New York 11717, at +1 (800) 831 9146; or U.S. Bancorp
Investments, Inc., 214 N. Tryon St., 26th Floor, Charlotte, North
Carolina 28202, at +1 (877) 558-2607. The Senior Notes are being
offered pursuant to an effective shelf registration statement filed
with the SEC on July 31, 2019.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy any of the Senior Notes, nor will
there be any sale of the Senior Notes in any jurisdiction in which
such offer, solicitation or sale is not authorized or to any person
to whom it is unlawful to make such offer, solicitation or sale.
Any offer, solicitation or sale of the Senior Notes will be made
only by means of the applicable prospectus supplement and the
accompanying prospectus.
About FIS
FIS is a leading provider of technology solutions for merchants,
banks and capital markets firms globally. Our employees are
dedicated to advancing the way the world pays, banks and invests by
applying our scale, deep expertise and data-driven insights. We
help our clients use technology in innovative ways to solve
business-critical challenges and deliver superior experiences for
their customers. Headquartered in Jacksonville, Florida, FIS is a
Fortune 500 company and is a member of Standard & Poor’s 500®
Index.
Forward-looking
Statements
This news release contains forward-looking statements that
involve a number of risks and uncertainties. Statements that are
not historical facts, including statements about our beliefs and
expectations, are forward-looking statements. Forward-looking
statements are based on management’s beliefs, as well as
assumptions made by, and information currently available to,
management. Because such statements are based on expectations as to
future events and are not statements of fact, actual results may
differ materially from those projected. FIS undertakes no
obligation to update any forward-looking statements, whether as a
result of new information, future events or otherwise, except as
required by law. The risks and uncertainties which forward-looking
statements are subject to include, but are not limited to, the risk
that the offering described herein is not completed, the risk that
the proceeds are not able to be used for the purposes stated as a
result of unforeseen circumstances and other risks detailed in the
“Statement Regarding Forward-Looking Information,” “Risk Factors”
and other sections of FIS’ Form 10-K for the year ended December
31, 2020 and FIS’ other filings with the SEC.
This document shall not constitute an offer to sell or the
solicitation of an offer to buy any securities, nor shall there be
any sale of securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful prior to the registration or
qualification under the securities laws of any such jurisdiction.
No offering of securities shall be made except by means of a
prospectus meeting the requirements of Section 10 of the Securities
Act of 1933, as amended.
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version on businesswire.com: https://www.businesswire.com/news/home/20210223006149/en/
Fidelity National Information Services Kim Snider, 904.438.6278
Senior Vice President FIS Global Marketing and Communications
kim.snider@fisglobal.com
or
Nathan Rozof, CFA, 904.438.6918 Executive Vice President FIS
Corporate Finance and Investor Relations
nathan.rozof@fisglobal.com
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