trending Market Intelligence /marketintelligence/en/news-insights/trending/kYD8QGMtmDD7ZclCfR-IAQ2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Fair Isaac closes offering of senior notes due 2028

Paypal Well-Positioned To Gain Share In COVID-Related Digital Payments Shift

Digital Banking Battles Will Play Out In Southeast Asias Shopping Cart

Report: Kashkari Says Fed In Holding Pattern But Rate Cut Still Possible

Fed Officials Signal Optimism In US Economy Reiterate Rates Likely On Hold


Fair Isaac closes offering of senior notes due 2028

Fair Isaac Corp. closed a private offering of $350 million of its 4.00% senior notes due June 15, 2028.

The company plans to use the net proceeds from the offering to repay certain debt outstanding under its existing unsecured revolving credit facility and for general corporate purposes.

Fair Isaac will pay interest on the notes semiannually on June 15 and Dec. 15, starting June 15, 2020.

The company may redeem some or all of the notes at any time prior to Dec. 15, 2022, at a price equal to 100% of the principal amount of the notes to be redeemed, plus a make-whole premium and accrued and unpaid interest on the notes to the redemption date.

Prior to Dec. 15, 2022, Fair Isaac may also redeem up to 35% of the notes using the net proceeds from certain equity offerings. The redemption price will be 104% of the principal amount of the notes to be redeemed, plus accrued and unpaid interest on the notes to the redemption date. Thereafter, the company may redeem the notes in whole or in part at a redemption price equal to the percentage of the principal amount as set forth in the indenture dated Dec. 6 between Fair Isaac and U.S. Bank NA, as trustee.

The notes are the senior unsecured obligations of the company. As of Dec. 6, none of Fair Isaac's subsidiaries will be guarantors and the notes will not be guaranteed. The notes will be guaranteed, jointly and severally, on a senior unsecured basis by each of the company's future significant domestic subsidiaries.