Fidelity National credit facility expected to launch this month

By Sara Rosenberg

New York, June 1 - Fidelity National Information Services Inc.'s proposed credit facility is anticipated to come to market sometime this month, according to a source.

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

As was previously reported, the company plans to incur $2.5 billion of additional term loans and long-term bonds and will seek to amend and refinance its existing credit facilities in connection with a leveraged recapitalization plan.

Under the plan, the company will repurchase up to $2.5 billion of its common stock in a modified Dutch auction tender offer.

Fidelity National is a Jacksonville, Fla.-based provider of financial institution core processing and card-issuer and transaction-processing services.

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