JACKSONVILLE, Fla.--(BUSINESS WIRE)--FIS™, (NYSE:FIS), a global leader in financial services technology, today announced the pricing of its sale of $400 million in aggregate principal amount of 4.25% Senior Notes due 2028 and $600 million in aggregate principal amount of 4.75% Senior Notes due 2048 (collectively, the “Senior Notes”). FIS intends to use the net proceeds from the offering to repay a portion of the approximately $1.275 billion principal amount outstanding as of May 11, 2018 under its revolving credit facility (together with accrued interest thereon). In addition, FIS intends to issue a notice of redemption for the entire $750 million aggregate principal amount of its 2.850% senior notes due October 2018 on the date of settlement of this offering, which FIS intends to fund with borrowings under its revolving credit facility. The offering is expected to close on May 16, 2018, subject to the satisfaction of customary closing conditions.
Merrill Lynch, Pierce, Fenner & Smith Incorporated, MUFG Securities Americas Inc., U.S. Bancorp Investments, 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. 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 Merrill Lynch, Pierce, Fenner & Smith Incorporated at 200 North College Street, 3rd Floor, Charlotte, NC 28255-0001, Attn: Prospectus Department, by calling 1-800-294-1322 or by emailing email@example.com; MUFG Securities Americas Inc. at 1221 Avenue of the Americas, 6th Floor, New York, NY 10020-1001 or by calling (877) 649-6848; U.S. Bancorp Investments, Inc. at 214 North Tryon Street., 26th Floor, Charlotte, NC 28202, Attn: Credit Fixed Income or by calling (877) 558-2607; or Wells Fargo Securities, LLC, 608 2nd Avenue South, Suite 1000, Minneapolis, MN 55402, Attn: WFS Customer Service, by calling (800) 645-3751 or by emailing firstname.lastname@example.org. The Senior Notes are being offered pursuant to an effective shelf registration statement filed with the SEC on July 1, 2016.
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 prospectus supplement and the accompanying prospectus.
FIS is a global leader in financial services technology, with a focus on retail and institutional banking, payments, asset management and wealth and retirement, risk and compliance and outsourcing solutions. Through the depth and breadth of our solutions portfolio, global capabilities and domain expertise, FIS serves more than 20,000 clients in over 130 countries. Headquartered in Jacksonville, Fla., FIS employs more than 53,000 people worldwide and holds leadership positions in payment processing, financial software and banking solutions. Providing software, services and outsourcing of the technology that empowers the financial world, 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 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, 2017 and 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