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FIS Announces Proposed Offering of Senior Notes

2015-10-13 09:33 ET - News Release


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.

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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