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ACI Worldwide prices upsized offering of senior notes

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ACI Worldwide prices upsized offering of senior notes

ACI Worldwide Inc. priced an offering of $400 million of its 5.750% senior notes due 2026.

The offering, which was upsized from the previously announced $300 million aggregate principal amount, is expected to close Aug. 21.

The company plans to use the net proceeds to redeem in full its outstanding 6.375% senior notes due 2020 and to pay applicable interest, to repay a portion of the outstanding amount under the term loan portion of its credit facility and for general corporate purposes.