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Fidelity National Information Services, Inc. 8-K Report, Material Agreement (Jul 13, 2022)

Reports
Material Agreements·Other Events·Exhibits & Filings
Filing Date
Filed July 13, 2022
Period End
July 13, 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 13, 2022. Cited figures are marked; the original filing is the authoritative source.

This 8-K filing from Fidelity National Information Services, Inc. (FIS) on July 13, 2022, details the successful completion of a significant senior notes offering.

FIS raised a total of $2.5 billiona across four tranches of notes with varying maturities and interest rates, ranging from 4.500% for the 2025 Notes to 5.625% for the 2052 Notes. This action indicates the company's strategic approach to managing its capital structure and funding its operations or growth initiatives. For investors, this offering represents an expansion of FIS's debt obligations.

While the specific use of proceeds is not detailed in this filing, such an issuance typically supports corporate objectives such as refinancing existing debt, funding acquisitions, or investing in business development. The varied maturity dates and coupon rates provide a snapshot of current market conditions and FIS's cost of debt at the time of issuance. Investors should consider how this increased leverage aligns with FIS's overall financial strategy and its ability to service this new debt.

02—Key points

Key Highlights

  1. FIS completed a senior notes offering, raising a total of $2.5 billion.
  2. The offering comprises four tranches: $750M of 4.500% Senior Notes due 2025, $500M of 4.700% Senior Notes due 2027, $750M of 5.100% Senior Notes due 2032, and $500M of 5.625% Senior Notes due 2052.
  3. The notes were issued under existing indenture agreements, supplemented by specific indentures for each tranche.
  4. The offering was made under a previously filed Form S-3ASR registration statement and associated prospectus supplements.
  5. The filing includes legal opinions from Willkie Farr & Gallagher LLP and Nelson Mullins Riley & Scarborough LLP regarding the validity of the Senior Notes.

03—Questions

Frequently Asked Questions

  1. What was the total amount of capital raised by FIS in this offering?

    FIS raised a total of $2.5 billion through the issuance and sale of its senior notes.

  2. What are the different series of senior notes offered and their respective interest rates and maturities?

    The offering includes $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. What is the purpose of this senior notes offering?

    This filing does not explicitly state the use of proceeds. However, such debt offerings are typically undertaken to refinance existing debt, fund capital expenditures, support strategic initiatives like acquisitions, or for general corporate purposes.

  4. Who were the underwriters for this offering?

    The underwriters included J.P. Morgan Securities LLC, BofA Securities, Inc., MUFG Securities Americas Inc., and Wells Fargo Securities, LLC, acting as representatives of the several underwriters.

04—Continue

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