Summary
Fidelity National Information Services, Inc. (FIS) announced the closing of its offering and sale of a significant amount of senior notes denominated in Euros and Pounds Sterling on December 3, 2019. This issuance includes €1,000,000,000 of 0.125% Senior Notes due 2022, €625,000,000 of 0.625% Senior Notes due 2025, €625,000,000 of 1.000% Senior Notes due 2028, and £300,000,000 of 2.250% Senior Notes due 2029. These notes were issued under existing indentures, as supplemented by various new supplemental indentures. In conjunction with the new debt issuance, FIS also completed its previously announced "Any and All Tender Offer" on December 2, 2019, to purchase certain outstanding debt securities. The company has accepted a substantial principal amount of these notes for purchase and has called for the redemption of all remaining untendered notes, with a redemption date of January 2, 2020. This strategic move indicates FIS is actively managing its debt portfolio, likely to optimize its capital structure and potentially refinance existing debt at more favorable terms.
Key Highlights
- 1FIS successfully closed an offering of Euro- and Pounds sterling-denominated senior notes totaling approximately €2.25 billion and £300 million.
- 2The new notes carry relatively low coupon rates, with the lowest being 0.125% for the 2022 Euro Notes.
- 3The issuance was conducted under an effective registration statement and involved multiple underwriters.
- 4FIS completed a tender offer for certain outstanding debt securities on December 2, 2019.
- 5Remaining untendered notes from the tender offer have been called for redemption on January 2, 2020.
- 6The company is actively managing its debt obligations, indicating a proactive approach to capital structure optimization.