Fidelity National gets $3.25 billion amended and restated facility

By Sara Rosenberg

New York, March 30 - Fidelity National Information Services Inc. closed on Friday on a $3.25 billion amended and restated credit facility, according to an 8-K filed with the Securities and Exchange Commission.

J.P. Morgan Securities LLC, Bank of America Merrill Lynch and Wells Fargo Securities LLC acted as the joint lead arrangers on the deal.

The facility consists of a $1.15 billion revolver due 2017 and a $2.1 billion term loan A-3 due 2017.

Pricing on the revolver and term loan A-3 can range from Libor plus 150 basis points 225 bps based on ratings. Initial pricing is Libor plus 200 bps.

The revolver has a commitment fee that can range from 25 bps to 40 bps based on ratings, with the initial rate set at 35 bps.

Proceeds were used to refinance a revolver due 2014, refinance some term loan A-2 debt and pay down $200 million of term loan B borrowings.

Currently there is still $250 million outstanding under the term loan A-2 and $200 million outstanding under the term loan B.

Fidelity National is a Jacksonville, Fla.-based provider dedicated to banking and payments technologies.

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