Summary
Fiserv, Inc. (FISV) has announced a significant capital markets transaction through an 8-K filing dated August 15, 2023. The company entered into an Underwriting Agreement to sell a substantial aggregate principal amount of senior notes, comprising $700 million of 5.375% Senior Notes due 2028 and $1.3 billion of 5.625% Senior Notes due 2033. This offering, expected to close on August 21, 2023, represents a strategic move by Fiserv to raise capital, likely to fund ongoing operations, strategic initiatives, or potentially refinance existing debt. Investors should note the specific interest rates and maturity dates associated with these notes, which offer a fixed-income investment opportunity. The underwriting is being handled by a group of prominent financial institutions, including BofA Securities, Inc., PNC Capital Markets LLC, Truist Securities, Inc., and Wells Fargo Securities, LLC. The terms of the Underwriting Agreement are standard for such public offerings, including customary representations, warranties, and closing conditions.
Key Highlights
- 1Fiserv is issuing $700 million in 5.375% Senior Notes due 2028.
- 2Fiserv is issuing $1.3 billion in 5.625% Senior Notes due 2033.
- 3The total aggregate principal amount of notes being offered is $2.0 billion.
- 4The offering is expected to close on August 21, 2023.
- 5The underwriting is managed by a syndicate including BofA Securities, PNC Capital Markets, Truist Securities, and Wells Fargo Securities.
- 6The notes are registered under a previously filed Form S-3 registration statement.