Fidelity National Information Services Inc. intends to offer senior notes in one or more tranches in the total principal amount of $1 billion, subject to market and other considerations.
The company plans to use the net proceeds from the offering to repay a portion of the approximately $1.28 billion principal amount outstanding as of May 11, under its revolving credit facility.
In addition, Fidelity National will issue a notice of redemption for the entire $750.0 million aggregate principal amount of its 2.850% senior notes due October on the date of settlement of this offering, which it intends to fund with borrowings under its revolving credit facility.
Merrill Lynch Pierce Fenner & Smith Inc., MUFG Securities Americas Inc., U.S. Bancorp Investments Inc. and Wells Fargo Securities LLC are joint book-running managers for the offering.
