Summary
Fidelity National Information Services, Inc. (FIS) announced on June 3, 2014, the successful completion of a significant debt offering, raising a total of $1 billion. This offering consisted of $300 million in 1.450% Senior Notes due 2017 and $700 million in 3.875% Senior Notes due 2024. The issuance was conducted under a previously filed shelf registration statement and was supplemented by indentures for each note series, with certain subsidiaries acting as guarantors. This capital raise is a key event for investors as it provides FIS with substantial liquidity. While the specific use of proceeds is not detailed in this 8-K filing, such offerings are typically used for general corporate purposes, potential acquisitions, refinancing existing debt, or funding operational growth. The issuance of these notes diversifies FIS's debt maturity profile and indicates the company's access to capital markets at the time.
Key Highlights
- 1FIS completed a $1 billion senior notes offering on June 3, 2014.
- 2The offering comprised $300 million in 1.450% Senior Notes due 2017 and $700 million in 3.875% Senior Notes due 2024.
- 3The notes are guaranteed by certain subsidiaries of FIS.
- 4The issuance was registered on Form S-3ASR and supplemented by indentures.
- 5A press release announcing the closing of the offering was filed as an exhibit.
- 6Multiple legal opinions from various law firms were provided to confirm the validity of the notes.