Fidelity National Information Services Inc. increased its borrowing capacity under its unsecured revolving facility to $5.5 billion from $4.0 billion.
The agreement's expiration remains Sept. 21, 2023.
Fidelity National increased the capacity under its existing U.S. commercial paper program to $5.5 billion in line with the increase in the facility.
The company also created a new European commercial paper program through which it may issue senior unsecured commercial paper notes worth up to $4.7 billion on a private placement basis. Notes with varying maturities will be issued from time to time under the program, with maximum maturity to be up to 183 days from the date of issue.
Fidelity National plans to use about $2.9 billion in borrowings under the European and U.S. commercial paper programs, together with the proceeds from its $8.2 billion multicurrency bond offering, to fund the cash portion of the deal consideration of its pending merger with Worldpay Inc., as well as to repay outstanding Worldpay debt and other deal-related costs.
JPMorgan Chase Bank NA acts as administrative agent under Fidelity National's revolving credit facility.