Fidelity National Information obtains $500 million loan, guarantees $800 million Metavante debt

New York, Oct. 2 - Fidelity National Information Services, Inc. said it obtained a new $500 million term loan C and agreed to guarantee the remaining $800 million of Metavante Corp. debt still outstanding after it acquired Metavante.

The new term loan C, completed on Oct. 1, will mature on Jan. 18, 2012 and pays interest at Libor plus 425 basis points.

Of the principal amount, $7.5 million is due on Dec. 31, 2009 followed by quarterly installments of $10 million beginning on March 31, 2010. All remaining principal is due at maturity.

JPMorgan Chase Bank, NA is administrative agent.

Lenders under Metavante's old credit agreement holding $500 million of term loans exchanged them for the same amount of Fidelity National's new term loan C.

Fidelity National then purchased at par $423.75 million of the remaining Metavante term loans.

Following these transactions, $800 million of term loans remained outstanding under Metavante's credit agreement, which will be guaranteed by Fidelity National.

Fidelity National completed its acquisition of Metavante on Oct. 1.

Metavante Corp. is a subsidiary of Milwaukee-based Metavante Technologies, Inc. and delivers banking and payment technologies to financial services firms and businesses.

Fidelity, located in Jacksonville, Fla., provides core processing for financial institutions; card issuer and transaction processing services; mortgage loan processing and mortgage-related information products.

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