8-KMaterial AgreementsOther EventsExhibits & Filings

Fidelity National Information Services, Inc. 8-K Report, Material Agreement (Jun 2, 2014)

Filed June 2, 2014For Securities:FIS

Summary

Fidelity National Information Services, Inc. (FIS) filed an 8-K on June 2, 2014, to report on a significant debt financing transaction. On May 27, 2014, the company entered into an Underwriting Agreement to issue and sell $1 billion in aggregate principal amount of senior notes. This offering comprises $300 million of 1.450% Senior Notes due 2017 and $700 million of 3.875% Senior Notes due 2024. This substantial debt issuance indicates FIS's strategy to raise capital, potentially for ongoing operations, strategic investments, refinancing existing debt, or other corporate purposes. Investors should note the specific maturity dates and interest rates associated with these new notes, as they represent a material change to the company's capital structure and future interest expense obligations. The filing also includes press releases detailing the launch and pricing of this offering, providing further context on the transaction.

Key Highlights

  • 1FIS issued $1 billion in aggregate principal amount of Senior Notes on May 27, 2014.
  • 2The offering consists of $300 million of 1.450% Senior Notes due 2017.
  • 3The offering also includes $700 million of 3.875% Senior Notes due 2024.
  • 4The transaction was executed through an Underwriting Agreement with specified underwriters.
  • 5The filing incorporates by reference the Underwriting Agreement and press releases announcing the launch and pricing of the note offering.
  • 6A Statement Regarding Computation of Ratio of Earnings to Fixed Charges is also included, providing financial context for the debt issuance.

Frequently Asked Questions

This 8-K filing reports on Fidelity National Information Services, Inc.'s entry into a material definitive agreement, specifically an Underwriting Agreement for the issuance and sale of $1 billion in Senior Notes.

FIS issued two series of Senior Notes: $300 million of 1.450% Senior Notes due 2017 and $700 million of 3.875% Senior Notes due 2024, totaling $1 billion.

Companies issue debt for various reasons, including funding operations, acquisitions, refinancing existing debt, or general corporate purposes. The specific use of proceeds is not detailed in this 8-K, but this issuance significantly impacts FIS's balance sheet and future interest expenses.

The filed exhibits, including the Underwriting Agreement and press releases, provide crucial details about the terms of the debt offering, the parties involved, and the pricing. The Statement Regarding Computation of Ratio of Earnings to Fixed Charges offers insight into FIS's ability to service its debt.