JACKSONVILLE, Fla.--(BUSINESS WIRE)--Fidelity National Information Services, FIS™, (NYSE:FIS), a global leader in banking and payments technology as well as consulting and outsourcing solutions, today announced the pricing of its sale of $750 million in aggregate principal amount of 2.850% Senior Notes due 2018, $1,750 million in aggregate principal amount of 3.625% Senior Notes due 2020, $500 million in aggregate principal amount of 4.500% Senior Notes due 2022 and $1,500 million in aggregate principal amount of 5.000% Senior Notes due 2025 (collectively, the “Notes”). FIS intends to use the net proceeds from this offering, together with borrowings under its new term loan credit agreement and its existing revolving credit facility and cash on hand, to pay the cash portion of the consideration for the acquisition of SunGard and its subsidiaries pursuant to the merger agreement, dated August 12, 2015, by and among FIS, SunGard and the other parties thereto, of approximately $2.3 billion (less certain adjustments), to repay the outstanding SunGard bank debt, to redeem SunGard’s outstanding notes at or shortly following the closing of the acquisition, including paying the applicable call premium, and to pay transaction-related fees and expenses. To the extent that FIS has excess proceeds from this offering, FIS will use them for general corporate purposes. If the acquisition of SunGard and its subsidiaries is not consummated, the 2018 Notes, 2020 Notes and 2022 Notes will be required to be redeemed at 101% of the principal amount thereof plus accrued interest, and the net proceeds of the 2025 Notes will be used for general corporate purposes, which may include the repayment of amounts due under existing FIS debt agreements.
Merrill Lynch, Pierce, Fenner & Smith Incorporated, Credit Agricole Securities (USA) Inc. and Wells Fargo Securities, LLC are joint book-running managers for the offering. The offering of these securities is made only by means of a prospectus supplement and accompanying prospectus. Copies may be obtained by contacting Merrill Lynch, Pierce, Fenner & Smith Incorporated at 222 Broadway, 11th Floor, New York, NY 10038, Attn: Prospectus Department, by calling 1-800-294-1322 or by e-mailing Dg.email@example.com, Credit Agricole Corporate and Investment Bank at 1301 Avenue of the Americas, New York, NY, 10019, by calling 1-866-807-6030 or by e-mailing firstname.lastname@example.org and Wells Fargo Securities, LLC at 608 2nd Avenue, South Minneapolis, MN 55402, Attn: WFS Customer Service, by calling 1-800-645-3751 or by emailing email@example.com. The Notes are being offered pursuant to an effective shelf registration statement filed with the Securities and Exchange Commission on March 5, 2013.
This press release does not constitute an offer to sell or the solicitation of an offer to buy any of the Notes, nor will there be any sale of the 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 Notes will be made only by means of the prospectus supplement and the accompanying prospectus.
FIS is a global leader in banking and payments technology as well as consulting and outsourcing solutions. With a long history deeply rooted in the financial services sector, FIS serves more than 14,000 institutions in over 130 countries. Headquartered in Jacksonville, Fla., FIS employs more than 42,000 people worldwide and holds leadership positions in payment processing and banking solutions. Providing software, services and outsourcing of the technology that empowers the financial industry, FIS is a Fortune 500 company and is a member of Standard & Poor’s 500® Index.
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 acquisition of SunGard will not be completed or will not provide the benefits that FIS expects, 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 and other filings with the SEC.