8-KMaterial AgreementsExhibits & Filings

FISERV INC 8-K Report, Material Agreement (Sep 19, 2012)

Filed September 19, 2012For Securities:FISV

Summary

Fiserv, Inc. (FISV) filed a Form 8-K on September 19, 2012, to report a material definitive agreement. On September 18, 2012, the company and certain subsidiaries entered into an Underwriting Agreement with Merrill Lynch, Pierce, Fenner & Smith Incorporated and Wells Fargo Securities, LLC, acting as representatives for the underwriters. This agreement pertains to a public offering of $700 million in aggregate principal amount of 3.500% Senior Notes due 2022. These notes will be guaranteed by certain of Fiserv's subsidiaries. The offering is expected to close on September 25, 2012. This action indicates Fiserv's intent to raise significant debt capital, likely for general corporate purposes or to manage its existing capital structure.

Key Highlights

  • 1Fiserv entered into an Underwriting Agreement on September 18, 2012, for a debt offering.
  • 2The company plans to issue $700 million in aggregate principal amount of Senior Notes.
  • 3The Senior Notes will mature in 2022 and carry a coupon rate of 3.500%.
  • 4Certain subsidiaries of Fiserv will guarantee these senior notes.
  • 5Merrill Lynch, Pierce, Fenner & Smith Incorporated and Wells Fargo Securities, LLC are acting as the lead underwriters.
  • 6The public offering is expected to close on September 25, 2012.
  • 7The filing also includes the Underwriting Agreement as an exhibit.

Frequently Asked Questions

This Form 8-K filing serves to report a material definitive agreement, specifically the Underwriting Agreement for a public offering of $700 million in Senior Notes due 2022.

Fiserv is issuing $700 million in aggregate principal amount of 3.500% Senior Notes due 2022. These notes will be guaranteed by certain subsidiaries.

The offering is anticipated to close on September 25, 2012.

While the filing doesn't specify the exact use of proceeds, companies typically issue debt like senior notes to fund general corporate operations, finance acquisitions, refinance existing debt, or invest in capital expenditures. Investors should look for further disclosures regarding the use of these funds in subsequent filings or company communications.