8-KMaterial AgreementsExhibits & Filings

Fidelity National Information Services, Inc. 8-K Report, Material Agreement (Mar 11, 2013)

Filed March 11, 2013For Securities:FIS

Summary

Fidelity National Information Services, Inc. (FIS) announced on March 11, 2013, the completion of a significant equity transaction where an affiliate of Warburg Pincus LLC, WPM, L.P., sold 19,272,336 shares of FIS common stock. The sale was executed at a price of $37.40 per share, generating substantial proceeds for the selling shareholder and increasing the publicly available float of FIS shares. This offering, facilitated through an Underwriting Agreement with Goldman, Sachs & Co. as the sole underwriter, indicates a shift in ownership for a substantial block of FIS stock. Investors should note that while FIS itself was not the seller, this event impacts the company's shareholder structure and potentially its stock liquidity. The transaction was completed on the same day as the 8-K filing, suggesting a swift execution of the agreement which was initially entered into on March 6, 2013.

Key Highlights

  • 1WPM, L.P., an affiliate of Warburg Pincus LLC, sold 19,272,336 shares of FIS common stock.
  • 2The shares were sold at a price of $37.40 per share.
  • 3The offering closed on March 11, 2013, the same day as the filing.
  • 4Goldman, Sachs & Co. acted as the sole underwriter for the transaction.
  • 5This represents a material definitive agreement related to the sale of a significant number of shares.
  • 6The shares were sold by a selling shareholder, not by FIS directly.
  • 7The transaction was part of a registration statement filed by FIS.

Frequently Asked Questions

FIS did not sell these shares. The shares were sold by WPM, L.P., an affiliate of Warburg Pincus LLC, acting as the selling shareholder.

The total value of the shares sold was approximately $721.2 million (19,272,336 shares * $37.40 per share).

The primary significance for FIS is the increase in publicly traded shares (float) and a change in its shareholder composition, as a large block of shares previously held by an affiliate of Warburg Pincus is now available to the public market. FIS itself did not receive proceeds from this sale.

This filing does not provide details on the reasons behind the selling shareholder's decision to sell. It solely reports the entry into and completion of a material definitive agreement for the sale of shares.