Fidelity National Information signs $2 billion revolver maturing in December

By William Gullotti

Buffalo, N.Y., March 3 – Fidelity National Information Services, Inc. entered into a new $2 billion revolving credit agreement with JPMorgan Chase Bank, NA as administrative agent on Feb. 28, according to an 8-K filing with the Securities and Exchange Commission.

The revolver matures Dec. 15, 2023, and borrowings will bear interest at SOFR plus a margin ranging from 100 basis points to 162.5 bps.

There is also a commitment fee that ranges from 9 bps to 22.5 bps.

The margin and fee are determined by Fidelity’s corporate debt ratings as explicitly determined by Moody’s Investors Service and S&P Global Ratings.

Proceeds will be used to provide ongoing working capital and for other general corporate purposes.

In addition to serving as administrative agent, JPMorgan is also acting as a joint lead arranger and joint bookrunner along with BofA Securities, Inc., Citibank, NA, U.S. Bank NA, Wells Fargo Securities, LLC, Barclays Bank plc and Goldman Sachs Bank USA.

Bank of America, NA and Wells Fargo Bank, NA, Citibank, U.S. Bank, Barclays, Goldman Sachs are acting as co-syndication agents.

Truist Bank, Credit Agricole CIB, Lloyds Bank plc, Sumitomo Mitsui Banking Corp., BMO Harris Bank NA and TD Bank, NA are the documentation agents.

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

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