Summary
Fiserv, Inc. (FISV) announced on November 15, 2007, that it has entered into a material definitive agreement for a public offering of senior notes. The company agreed to sell, and underwriters agreed to purchase, a substantial aggregate principal amount of $1.25 billion in 6.125% Senior Notes due 2012 and $500 million in 6.8% Senior Notes due 2017. These notes will be guaranteed by certain of Fiserv's subsidiaries. This significant debt issuance, expected to close on November 20, 2007, aims to raise substantial capital for the company. The agreement includes standard provisions such as representations, warranties, conditions to closing, and indemnification clauses. The filing also references the registration statement and final prospectus supplement related to this offering, indicating a well-structured and publicly disclosed capital raise.
Key Highlights
- 1Fiserv, Inc. entered into an Underwriting Agreement on November 15, 2007.
- 2The company plans to issue $1.25 billion in 6.125% Senior Notes due 2012.
- 3The company also plans to issue $500 million in 6.8% Senior Notes due 2017.
- 4Certain Fiserv subsidiaries will guarantee the issued senior notes.
- 5The public offering is expected to close on November 20, 2007.
- 6The Underwriting Agreement includes customary provisions for such agreements.
- 7Fiserv filed a press release on November 15, 2007, announcing the pricing of the offering.