Company Website:
http://www.fisglobal.com
JACKSONVILLE, Fla. -- (Business Wire)
Fidelity National Information Services, FIS™,
(NYSE:FIS), a global leader in banking and payments technology as well
as consulting and outsourcing solutions, today announced that it intends
to make an offering, subject to market and other considerations, of
senior notes in one or more tranches with intermediate maturities (the
“Notes”). FIS intends to use the net proceeds from this offering,
together with borrowings under its new term loan credit agreement and
its existing revolving credit facility and cash on hand, to pay the cash
portion of the consideration for the acquisition of SunGard and its
subsidiaries pursuant to the merger agreement dated August 12, 2015 by
and among FIS, SunGard and the other parties thereto, to repay the
outstanding SunGard bank debt and to pay transaction-related fees and
expenses. To the extent that, after taking into account FIS’ overall
liquidity requirements, FIS has adequate excess proceeds from this
offering, FIS will use them to redeem some or all of the SunGard notes
outstanding, including paying the applicable call premium, with any
remainder to be used for general corporate purposes. If the acquisition
of SunGard and its subsidiaries is not consummated, the net proceeds of
the Notes will be used to redeem any Notes required to be redeemed in
such circumstances, with any remainder used for general corporate
purposes, which may include the repayment of amounts due under our
existing debt agreements.
Merrill Lynch, Pierce, Fenner & Smith Incorporated, Credit Agricole
Corporate and Investment Bank and Wells Fargo Securities, LLC are joint
book-running managers for the offering. The offering of these securities
is made only by means of a prospectus supplement and accompanying
prospectus. Copies may be obtained by contacting Merrill Lynch, Pierce,
Fenner & Smith Incorporated at 222 Broadway, 11th floor,
New York, NY 10038, Attn: Prospectus Department, by calling
1-800-294-1322 or by e-mailing Dg.prospectus_requests@baml.com,
Credit Agricole Corporate and Investment Bank at 1301 Avenue of the
Americas, New York, NY 10019, by calling 1-866-807-6030 or by emailing syndicate@ca-cib.com
or Wells Fargo Securities, LLC at 608 2nd Avenue, South
Minneapolis, MN 55402, Attn: WFS Customer Service by calling
1-800-645-3751 or by emailing wfscustomerservice@WellsFargo.com.
The Notes are being offered pursuant to an effective shelf registration
statement filed with the Securities and Exchange Commission on March 5,
2013.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy any of the Notes, nor will there be any
sale of the Notes in any jurisdiction in which such offer, solicitation
or sale is not authorized or to any person to whom it is unlawful to
make such offer, solicitation or sale. Any offer, solicitation or sale
of the Notes will be made only by means of the prospectus supplement and
the accompanying prospectus.
About
FIS
FIS is a global leader in banking and payments technology as well as
consulting and outsourcing solutions. With a long history deeply rooted
in the financial services sector, FIS serves more than 14,000
institutions in over 130 countries. Headquartered in Jacksonville, Fla.,
FIS employs more than 42,000 people worldwide and holds leadership
positions in payment processing and banking solutions. Providing
software, services and outsourcing of the technology that empowers the
financial world, FIS is a Fortune 500 company and is a member of
Standard & Poor’s 500® Index.
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 risk that the
acquisition of SunGard will not be completed or will not provide the
benefits that FIS expects, the risk that the offering described herein
is not completed, the risk that the proceeds are not able to be used for
the purposes stated as a result of unforeseen circumstances and other
risks detailed in the “Statement Regarding Forward-Looking Information,”
“Risk Factors” and other sections of FIS’ Form 10-K and other filings
with the SEC.
View source version on businesswire.com: http://www.businesswire.com/news/home/20151013006123/en/
Contacts:
Kim Snider, 904.438.6278
Vice President
FIS Global Marketing
and Communications
kim.snider@fisglobal.com
or
Pete
Gunnlaugsson, 904.438.6603
Senior Vice President
FIS Investor
Relations
pete.gunnlaugsson@fisglobal.com
Source: Fidelity National Information Services
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