Published: July 08, 2010
FIS Announces Pricing of $1.1 Billion of Senior Notes
JACKSONVILLE, Fla. - (BUSINESS WIRE) - FIS (NYSE:FIS), one of the world's largest providers of
banking and payments technology, announced today that it has agreed to
sell $600 million of 7.625% senior unsecured notes due 2017 and $500
million of 7.875% senior unsecured notes due 2020 (collectively, the
"Notes"). The Notes will be guaranteed by certain subsidiaries of FIS.
The offerings of the Notes are expected to close on July 16, 2010. The
company intends to use the net proceeds of the Notes, together with
borrowings under a combination of a new Term Loan B, incremental Term
Loan A, revolving credit facility and accounts receivable facility, (1)
to repurchase shares of common stock, (2) to repay in full the
outstanding amount under, and terminate, the credit facility assumed in
connection with the acquisition of Metavante Technologies, Inc. and (3)
to pay fees and expenses.
The offerings of the Notes will be made only to qualified institutional
buyers in accordance with Rule 144A under the Securities Act of 1933, as
amended (the "Securities Act" ), and to certain non-U.S. persons in
accordance with Regulation S under the Securities Act. The Notes will
not be registered under the Securities Act and may not be offered or
sold without registration unless pursuant to an exemption from, or in a
transaction not subject to, the registration requirements of the
Securities Act and all applicable state laws. This press release shall
not constitute an offer to sell or the solicitation of an offer to buy,
nor shall there be any sale of the Notes in any state in which such
offer, solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state.
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, statements regarding the
FIS' expectations to close on the sale of the Notes and how FIS will use
the proceeds of the offering 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 Securities and
Exchange Commission.
FIS
Marcia Danzeisen, Senior Vice President, Global Marketing and
Communications, 904.854.5083
marcia.danzeisen@fisglobal.com
or
Mary
Waggoner, Senior Vice President, FIS Investor Relations, 904.854.3282
mary.waggoner@fisglobal.com
Copyright © 2012, Business Wire, Inc., All rights reserved.
Copyright © 2012, NewsBlaze,
Daily News
Search News
