8-KMaterial AgreementsExhibits & Filings

FISERV INC 8-K Report, Material Agreement (May 18, 2023)

Filed May 18, 2023For Securities:FISV

Summary

Fiserv, Inc. (FISV) announced on May 18, 2023, a significant financing event through an 8-K filing. The company has entered into an Underwriting Agreement to issue and sell €800,000,000 aggregate principal amount of 4.500% Senior Notes due 2031. This offering is expected to close on May 24, 2023. This debt issuance indicates Fiserv's proactive approach to managing its capital structure and potentially funding strategic initiatives, acquisitions, or ongoing operational needs. The terms of the Underwriting Agreement include standard provisions such as representations, warranties, closing conditions, indemnification, and termination clauses, typical for public debt offerings. Investors should note that these Notes are registered under an existing Form S-3 shelf registration statement.

Key Highlights

  • 1Fiserv Inc. is issuing €800,000,000 in 4.500% Senior Notes due 2031.
  • 2The debt offering is conducted through a public offering via an Underwriting Agreement.
  • 3The offering is expected to close on May 24, 2023.
  • 4Key underwriters include Citigroup Global Markets Limited, MUFG Securities EMEA plc, and Wells Fargo Securities International Limited.
  • 5The Underwriting Agreement contains customary terms including representations, warranties, closing conditions, indemnification, and termination provisions.
  • 6The Notes are registered under an existing Form S-3 shelf registration statement filed in July 2021.

Frequently Asked Questions

The primary purpose of this 8-K filing is to disclose Fiserv, Inc.'s entry into a material definitive agreement related to a public offering of its debt securities.

Fiserv is issuing €800,000,000 aggregate principal amount of 4.500% Senior Notes due 2031. These notes are being offered publicly.

The offering of the Senior Notes is expected to close on May 24, 2023.

While the filing doesn't explicitly state the use of proceeds, companies typically issue debt to fund operations, capital expenditures, acquisitions, refinance existing debt, or for general corporate purposes. This issuance suggests Fiserv is managing its capital structure and likely has specific uses planned for the funds.