8-KMaterial AgreementsOther EventsExhibits & Filings

Fidelity National Information Services, Inc. 8-K Report, Material Agreement (Aug 16, 2016)

Filed August 16, 2016For Securities:FIS

Summary

This Form 8-K filing by Fidelity National Information Services, Inc. (FIS) on August 16, 2016, primarily details the successful completion of a significant debt offering. FIS issued and sold a total of $2.75 billion in aggregate principal amount across three tranches of senior notes: $750 million of 2.250% Senior Notes due 2021, $1.25 billion of 3.000% Senior Notes due 2026, and $500 million of 4.500% Senior Notes due 2046. This debt issuance was conducted under an Underwriting Agreement with a syndicate of underwriters and was registered on a Form S-3ASR. The proceeds from these notes will likely be used for general corporate purposes, potentially including funding acquisitions or refinancing existing debt, although specific use of proceeds is not detailed in this filing. Investors should note the coupon rates and maturity dates for each series of notes, which provide insight into FIS's capital structure and cost of debt.

Key Highlights

  • 1FIS completed the issuance and sale of $2.75 billion in aggregate principal amount of senior notes.
  • 2The debt offering consisted of three tranches: $750 million (2.250% notes due 2021), $1.25 billion (3.000% notes due 2026), and $500 million (4.500% notes due 2046).
  • 3The issuance was made pursuant to an Underwriting Agreement dated August 11, 2016.
  • 4The notes were issued under FIS's automatically effective Registration Statement on Form S-3ASR filed on July 1, 2016.
  • 5The filing includes supplemental indentures for each series of notes, detailing the terms and conditions.
  • 6Legal opinions regarding the validity of the notes from Willkie Farr & Gallagher LLP and Nelson Mullins Riley & Scarborough LLP are included as exhibits.
  • 7A calculation of FIS's Ratio of Earnings to Fixed Charges is also provided as an exhibit.

Frequently Asked Questions

The primary purpose of this 8-K filing is to report the material event of Fidelity National Information Services, Inc. (FIS) completing the issuance and sale of $2.75 billion in senior notes.

FIS issued $750 million of 2.250% Senior Notes due 2021, $1.25 billion of 3.000% Senior Notes due 2026, and $500 million of 4.500% Senior Notes due 2046.

The filing does not explicitly state the specific use of proceeds from the debt issuance. However, such offerings are typically used for general corporate purposes, which can include refinancing existing debt, funding acquisitions, capital expenditures, or other strategic initiatives.

More details on the terms of these notes can be found in the referenced exhibits, including the Underwriting Agreement (Exhibit 1.1) and the respective Ninth, Tenth, and Eleventh Supplemental Indentures (Exhibits 4.1, 4.2, and 4.3).