Fidelity National Information gets debt commitment for EFD purchase

By Sara Rosenberg

New York, June 27 - Fidelity National Information Services, Inc. has received long-term debt commitments to help fund its acquisition of EFD/eFunds Corp., according to a company news release.

JPMorgan and Bank of America are the lead banks on the financing.

Under the agreement, EFD shareholders will receive $36.50 in cash per share. The all-cash transaction is valued at $1.8 billion.

The transaction is expected to be completed by the end of the third quarter, subject to certain regulatory approvals, approval by EFD shareholders and customary closing conditions.

Fidelity National is a Jacksonville, Fla.-based provider of technology to the financial services and real estate industries. EFD is a Scottsdale, Ariz., provider of risk management, electronic payments and global outsourcing services.

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