8-KMaterial AgreementsOther EventsExhibits & Filings

Fidelity National Information Services, Inc. 8-K Report, Material Agreement (May 16, 2018)

Filed May 16, 2018For Securities:FIS

Summary

Fidelity National Information Services, Inc. (FIS) announced the successful completion of a significant debt issuance on May 16, 2018. The company raised a total of $1 billion by issuing two tranches of senior notes: $400 million in 4.250% Senior Notes due 2028 and $600 million in 4.750% Senior Notes due 2048. This action was executed under an Underwriting Agreement with a syndicate of underwriters and was registered under FIS's existing shelf registration statement. This debt issuance provides FIS with substantial capital, which could be utilized for various corporate purposes, such as funding operations, strategic acquisitions, or general corporate needs. Investors should note the coupon rates and maturity dates of these notes, as they represent new long-term debt obligations for the company. The filing also includes supporting legal opinions and indenture documents related to the note issuance.

Key Highlights

  • 1FIS completed the issuance and sale of $1 billion in aggregate principal amount of senior notes.
  • 2The issuance includes $400 million of 4.250% Senior Notes due 2028.
  • 3The issuance also includes $600 million of 4.750% Senior Notes due 2048.
  • 4The debt was issued pursuant to an Underwriting Agreement dated May 14, 2018.
  • 5The notes were offered and sold under FIS's existing shelf registration statement (Form S-3ASR).
  • 6The filing includes the Underwriting Agreement, supplemental indentures, and legal opinions as exhibits.
  • 7The company obtained legal opinions concerning the validity of the notes and Georgia law matters.

Frequently Asked Questions

The filing does not explicitly state the purpose of the debt issuance. However, raising $1 billion in capital typically supports general corporate purposes, such as funding operations, strategic initiatives like acquisitions, or refinancing existing debt.

FIS issued $400 million of 4.250% Senior Notes due in 2028 and $600 million of 4.750% Senior Notes due in 2048. These are unsecured senior obligations of the company.

This issuance increases FIS's total debt by $1 billion. Investors should review the company's upcoming financial statements to assess the impact on its debt-to-equity ratio and overall financial leverage. The provided filing also includes a Calculation of Ratio of Earnings to Fixed Charges (Exhibit 12.1).

The underwriters included Merrill Lynch, Pierce, Fenner & Smith Incorporated, MUFG Securities Americas Inc., U.S. Bancorp Investments, Inc., and Wells Fargo Securities, LLC, acting as representatives of the syndicate.