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Fidelity National Information sets Tuesday launch for credit facility
By Sara Rosenberg
New York, June 4 - Fidelity National Information Services Inc. has scheduled a bank meeting for Tuesday to launch its proposed credit facility, according to a source.
JPMorgan and Bank of America are the lead banks on the deal.
Specifics on the structure of the credit facility are not yet available, the source said.
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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