FIS starts one-month tender for up to $2 billion of six note series

By Susanna Moon

Chicago, June 26 – Fidelity National Information Services, FIS, has begun tendering for up to $2 billion principal amount of six series of its notes.

The notes included in the capped offers are as follows with pricing to be set at of 11 a.m. ET on July 10 using a reference security for a total hypothetical purchase price per $1,000 principal amount and the notes listed in order of priority acceptance levels:

• $1.75 billion of 3.625% senior notes due 2020 with a $600 million tender cap and pricing to be set using the 1.5% U.S. Treasury note due June 15, 2020 plus 45 basis points for a total hypothetical purchase price of $1,051.34;

• $1.5 billion of 5% senior notes due 2025 with a $350 million tender cap and pricing to be set using the 2.375% U.S. Treasury note due May 15, 2027 plus 87 bps for a total hypothetical purchase price of $1,139.12;

• $500 million of 4.5% senior notes due 2022 with a $200 million tender cap and pricing to be set using the 1.75% U.S. Treasury note due May 31, 2022 plus 68 bps for a total hypothetical purchase price of $1,097.41;

• $700 million of 3.875% senior notes due 2024 with a $300 million tender cap and pricing to be set using the 2.375% U.S. Treasury note due May 15, 2027 plus 53 bps for a total hypothetical purchase price of $1,071.78;

• $1 billion of 3.5% senior notes due 2023 with a $300 million tender cap and pricing to be set using the 1.75% U.S. Treasury note due May 31, 2022 plus 75 bps for a total hypothetical purchase price of $1,050.32; and

• $750 million of 2.85% senior notes due 2018 with no cap and pricing to be set using the 0.875% U.S. Treasury note due Oct. 15, 2018 plus 30 bps for a total hypothetical purchase price of $1,015.10.

The tender offers will continue until 11:59 p.m. ET on July 24. Settlement is set for July 25.

The total purchase price includes an early tender premium of $30 per $1,000 principal amount of notes tendered by 5 p.m. ET on July 10, the early tender date.

The hypothetical purchase price was set at 11 a.m. ET on June 23.

Holders also will receive accrued interest up to but excluding the settlement date.

Barclays (800 438-3242 or 212 528-7581), J.P. Morgan Securities LLC (866 834-4666 or 212 834-3424) and BofA Merrill Lynch (888 292-0070 or 980 387-3907) are the dealer managers. D.F. King & Co, Inc. (212 269-5550, 800 791-3320 or fis@dfking.com) is the tender and information agent.

FIS is a financial services technology company based in Jacksonville, Fla.

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