Summary
Fidelity National Information Services, Inc. (FIS) announced on March 5, 2012, its intention to offer $500 million in aggregate principal amount of senior notes through a private offering. This offering is exclusively for qualified institutional buyers and certain non-U.S. persons, exempt from standard registration requirements under the Securities Act of 1933. The company subsequently priced the offering at $700 million, an increase from the initial announcement, indicating strong investor demand. The notes will carry a 5.000% annual coupon and mature on March 15, 2022. This debt issuance is expected to close on March 19, 2012, subject to customary closing conditions. Investors should note this is a private placement, meaning the notes are not registered with the SEC and cannot be freely resold without adherence to specific regulatory exemptions.
Key Highlights
- 1FIS announced a private offering of senior notes.
- 2The initial offering size was $500 million, later increased to $700 million.
- 3The notes will have a 5.000% coupon rate.
- 4The maturity date for the senior notes is March 15, 2022.
- 5The offering is intended for qualified institutional buyers and certain non-U.S. persons, under Rule 144A and Regulation S.
- 6The offering is expected to close on March 19, 2012.
- 7The notes are not registered under the Securities Act and have resale restrictions.