Summary
Fiserv, Inc. (FISV) announced on August 2, 2024, through an 8-K filing, that it has entered into an Underwriting Agreement to issue and sell a substantial amount of senior notes. Specifically, the company plans to issue $850 million of 4.750% Senior Notes due 2030 and $900 million of 5.150% Senior Notes due 2034, totaling $1.75 billion in aggregate principal amount. This offering is being conducted in the public market and is expected to close on August 12, 2024, subject to standard closing conditions. This debt issuance represents a significant capital raising event for Fiserv. Investors should note the specific interest rates and maturity dates of the new notes, which provide insight into the company's cost of debt and long-term financing strategy. The company has utilized its existing shelf registration statement for this offering, indicating prior regulatory review and readiness for accessing capital markets.
Key Highlights
- 1Fiserv entered into an Underwriting Agreement on August 1, 2024, to issue new senior notes.
- 2The company plans to raise $1.75 billion through the issuance of debt.
- 3This includes $850 million in 4.750% Senior Notes due 2030.
- 4Additionally, $900 million in 5.150% Senior Notes due 2034 will be issued.
- 5The offering is a public offering conducted by several underwriters, including BofA Securities, TD Securities, Truist Securities, and Wells Fargo Securities.
- 6The offering is expected to close on August 12, 2024, subject to customary conditions.
- 7The notes are registered under a previously filed Form S-3 Registration Statement.