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Fidelity National Information Services, Inc. 8-K Report, Corporate Update (Jul 11, 2022)

Reports
Other Events·Exhibits & Filings
Filing Date
Filed July 11, 2022
Period End
July 6, 2022
Security
FIS
In the record · 2016–202610-K1110-Q338-K168

FIS filed 11 annual reports (10-K), 33 quarterly reports (10-Q) and 168 current reports (8-K) between 2016 and 2026.

  1. Material agreement8-K · Jul ’17Jul ’17
  2. Deal closed8-K · Jul ’19Jul ’19
  3. Leadership change8-K · Sep ’21Sep ’21
  4. Leadership change8-K · Jun ’26Jun ’26

01—Abstract

Summary

Summary of the 8-K filed July 11, 2022. Cited figures are marked; the original filing is the authoritative source.

Fidelity National Information Services, Inc. (FIS) announced on July 11, 2022, the execution of an Underwriting Agreement for a significant debt offering.

The company is issuing and selling a total of $2.5 billiona in aggregate principal amount of senior notes across multiple maturities, including 2025, 2027, 2032, and 2052. The notes carry coupon rates ranging from 4.500% to 5.625%. This offering is a key event for investors as it indicates FIS's capital management strategy and potential use of proceeds, although the specific use is not detailed in this filing.

The issuance of debt can impact the company's leverage and financial flexibility. The closing of this offering is anticipated to occur on July 13, 2022, pending customary closing conditions.

02—Key points

Key Highlights

  1. FIS is raising $2.5 billion through the issuance of senior notes.
  2. The debt offering consists of four tranches with varying maturities: 2025, 2027, 2032, and 2052.
  3. Coupon rates for the notes range from 4.500% to 5.625%.
  4. The Underwriting Agreement was entered into on July 6, 2022, with multiple underwriters including J.P. Morgan Securities LLC, BofA Securities, Inc., MUFG Securities Americas Inc., and Wells Fargo Securities, LLC.
  5. The offering is being conducted under FIS's effective Registration Statement on Form S-3ASR.
  6. The expected closing date for the Notes offering is July 13, 2022.
  7. This filing represents Item 8.01 (Other Events) and Item 9.01 (Financial Statements and Exhibits) of the 8-K report.

03—Questions

Frequently Asked Questions

  1. What is the total amount of debt FIS is issuing?

    FIS is issuing a total of $2.5 billion in aggregate principal amount of senior notes.

  2. What are the different maturities and interest rates of the notes being issued?

    The notes have the following maturities and coupon rates: $750 million of 4.500% Senior Notes due 2025, $500 million of 4.700% Senior Notes due 2027, $750 million of 5.100% Senior Notes due 2032, and $500 million of 5.625% Senior Notes due 2052.

  3. When is the expected closing date for this debt offering?

    The closing of the Notes offering is expected to occur on July 13, 2022, subject to the satisfaction of customary closing conditions.

  4. What is the purpose of this debt issuance?

    This filing does not specify the exact use of proceeds from the debt issuance. However, such issuances are typically used for general corporate purposes, refinancing existing debt, acquisitions, or funding strategic initiatives. Investors should refer to other company communications or future filings for more details on the use of these funds.

04—Continue

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