8-KMaterial AgreementsExhibits & Filings

FISERV INC 8-K Report, Material Agreement (Apr 30, 2025)

Filed April 30, 2025For Securities:FISV

Summary

Fiserv, Inc. (FISV) announced on April 30, 2025, a significant debt financing transaction through its indirect wholly-owned subsidiary, Fiserv Funding Unlimited Company. The company has entered into an Underwriting Agreement to issue and sell a substantial aggregate principal amount of senior notes across three tranches: €750 million of 2.875% Senior Notes due 2028, €775 million of 3.500% Senior Notes due 2032, and €650 million of 4.000% Senior Notes due 2036. These notes will be guaranteed by the parent company, Fiserv, Inc. This offering represents a strategic move to raise capital, likely for general corporate purposes, operational investments, or to manage existing debt obligations. Investors should note the specific coupon rates and maturity dates for each note series, which indicate the cost of borrowing for Fiserv. The transaction is expected to close on May 7, 2025, subject to standard closing conditions. The issuance is being made under a previously effective registration statement, indicating ongoing capital market access for Fiserv.

Key Highlights

  • 1Fiserv entered into an Underwriting Agreement to issue €2.175 billion in senior notes.
  • 2The notes are issued by indirect subsidiary Fiserv Funding Unlimited Company and guaranteed by Fiserv, Inc.
  • 3Three tranches of notes are being issued: €750M (2.875% due 2028), €775M (3.500% due 2032), and €650M (4.000% due 2036).
  • 4The aggregate principal amount of the offering is €2.175 billion.
  • 5The offering is expected to close on May 7, 2025.
  • 6The transaction is conducted under a registered shelf facility (Form S-3).
  • 7Standard terms and conditions, including customary representations, warranties, and indemnification, are included in the agreement.

Frequently Asked Questions

While the 8-K does not explicitly state the purpose, debt issuances of this magnitude are typically used for general corporate purposes, such as funding operations, strategic investments, acquisitions, or refinancing existing debt. Investors should monitor future company communications for more specific details.

Fiserv is raising a total of €2.175 billion through the issuance of senior notes across three different maturity dates.

The notes have the following terms: €750 million at 2.875% due in 2028, €775 million at 3.500% due in 2032, and €650 million at 4.000% due in 2036.

Although the notes are issued by Fiserv Funding Unlimited Company, they are guaranteed as to payment of principal and interest by the parent company, Fiserv, Inc., making Fiserv, Inc. ultimately responsible for the debt.