01—Abstract
Summary
Summary of the 8-K filed July 21, 2025. Cited figures are marked; the original filing is the authoritative source.
Fidelity National Information Services, Inc. (FIS) announced on July 21, 2025, the expiration of the Hart-Scott-Rodino (HSR) waiting period related to its previously announced Transactions with Global Payments Inc. These Transactions involve FIS purchasing the Issuer Solutions business from Global Payments and, in partial consideration, selling its equity interests in Worldpay Holdco, LLC to Global Payments.
The expiration of the HSR waiting period is a significant step towards closing these complex deals, which were initially agreed upon on April 17, 2025. While this regulatory hurdle has been cleared, investors should note that the completion of the Transactions is still contingent upon securing remaining regulatory clearances and approvals, as well as satisfying other customary closing conditions.
This filing provides an update on the progress of these strategic divestitures and acquisitions, which are expected to reshape parts of FIS's business. Investors will be keen to monitor the timeline for the final closing and the subsequent impact on FIS's financial structure and operational focus.
02—Key points
Key Highlights
- Expiration of HSR waiting period for the Global Payments Transactions as of July 18, 2025.
- Transactions include the purchase of Issuer Solutions business from Global Payments.
- Transactions also include the sale of FIS's Worldpay Holdco, LLC equity interests to Global Payments.
- The HSR approval is a key regulatory milestone, removing a significant impediment to closing.
- Closing of the Transactions is still subject to further regulatory approvals and customary closing conditions.
- The original agreement for these Transactions was announced on April 17, 2025.
03—Questions
Frequently Asked Questions
What is the significance of the HSR waiting period expiring?
The expiration of the Hart-Scott-Rodino (HSR) waiting period signifies that the U.S. antitrust authorities have completed their initial review of the proposed Transactions between FIS and Global Payments and have not raised objections that would prevent the deal from proceeding to the next stages. It's a crucial regulatory step that clears a major hurdle towards the closing of the transactions.
Are the Transactions with Global Payments officially closed?
No, the Transactions are not yet officially closed. While the HSR waiting period has expired, the closing is still dependent on the receipt of other required regulatory clearances and approvals, as well as the fulfillment of customary closing conditions.
What are the two main components of the Transactions with Global Payments?
The Transactions consist of two parts: first, FIS is purchasing the Issuer Solutions business from Global Payments. Second, as partial payment for the Issuer Solutions business, FIS is selling its equity interests in Worldpay Holdco, LLC to Global Payments.
When was the initial agreement for these Transactions announced?
The agreement for these Transactions was initially announced on April 17, 2025.
04—Continue