FIS Announces the Pricing Terms of its Pending Maximum Tender Offer
As of
Title of
|
CUSIP
|
Initial
|
Acceptance
|
U.S.
|
Reference
|
Fixed
|
Repurchase
|
Principal
|
Early
|
Total
|
5.000%
|
31620MAR7 |
$900,000,000 |
1 |
1.5% UST
|
1.685% |
+55 bps |
2.235% |
$288,072,000 |
$30 |
$1,144.79 |
4.750%
|
31620MAZ9 |
$600,000,000 |
2 |
2.25% UST
|
2.283% |
+115 bps |
3.433% |
$347,921,000 |
$30 |
$1,235.36 |
4.500%
|
31620MAU0 |
$500,000,000 |
3 |
2.25% UST
|
2.283% |
+120 bps |
3.483% |
$175,979,000 |
$30 |
$1,173.72 |
(a) Per
(b) The Total Consideration for each series of Maximum Tender Offer Notes validly tendered prior to or at the Early Tender Date and accepted for purchase is calculated using the applicable fixed spread shown in the table above and is inclusive of the applicable Early Tender Payment for such series of Maximum Tender Offer Notes.
Upon consummation of the Maximum Tender Offer, FIS will pay the applicable Total Consideration (as shown in the table above for each series of Maximum Tender Offer Notes) for each
The Maximum Tender Offer will expire at
The withdrawal deadline for the Maximum Tender Offer was
FIS’ obligation to accept for payment and to pay for the Maximum Tender Offer Notes validly tendered and not validly withdrawn in the Maximum Tender Offer is subject to the satisfaction or waiver of a number of conditions described in the Offer to Purchase. The Maximum Tender Offer may be terminated or withdrawn in whole or terminated or withdrawn with respect to any series of Maximum Tender Offer Notes, subject to applicable law. FIS reserves the right, subject to applicable law, to: (i) waive any and all conditions to the Maximum Tender Offer, (ii) extend or terminate the Maximum Tender Offer, (iii) increase or decrease the Aggregate Maximum Repurchase Amount or (iv) otherwise amend the Maximum Tender Offer in any respect.
FIS has retained
This press release shall not constitute an offer to sell, a solicitation to buy or an offer to purchase or sell any securities. The Maximum Tender Offer is being made only pursuant to the Offer to Purchase and only in such jurisdictions as is permitted under applicable law.
FIS is a leading provider of technology solutions for merchants, banks and capital markets firms globally. Our 55,000 people are dedicated to advancing the way the world pays, banks and invests by applying our scale, deep expertise and data-driven insights. We help our clients use technology in innovative ways to solve business-critical challenges and deliver superior experiences for their customers. Headquartered in
Forward-looking Statements
This news release contains forward-looking statements that involve a number of risks and uncertainties. Statements that are not historical facts, including statements about our beliefs and expectations, are forward-looking statements. Forward-looking statements are based on management’s beliefs, as well as assumptions made by, and information currently available to, management. Because such statements are based on expectations as to future events and are not statements of fact, actual results may differ materially from those projected. FIS undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. The risks and uncertainties which forward-looking statements are subject to include, but are not limited to, the risks related to the acceptance of any tendered Maximum Tender Offer Notes, the expiration and settlement of the Maximum Tender Offer, the satisfaction of conditions to the Maximum Tender Offer, whether the Maximum Tender Offer will be consummated in accordance with the terms set forth in the Offer to Purchase or at all and the timing of any of the foregoing, and other risks detailed in the “Statement Regarding Forward-Looking Information,” “Risk Factors” and other sections of FIS’ Form 10-K for the year ended
View source version on businesswire.com: https://www.businesswire.com/news/home/20191206005359/en/
Source:
Kim Snider
Senior Vice President
FIS Global Marketing and Communications
904.438.6278
kim.snider@fisglobal.com
Nathan Rozof
FIS Corporate Finance
904.438.6918
nathan.rozof@fisglobal.com