Fidelity National plans $3.1 billion credit facility

By Sara Rosenberg

New York, Nov. 2 - Fidelity National Information Services, Inc. is planning on getting a new $3.1 billion unsecured credit facility, according to a company news release.

JPMorgan, Bank of America and Wachovia are the lead arrangers and bookrunners on the deal.

The facility consists of a $1 billion five-year revolving credit facility and a $2.1 billion five-year term loan.

Proceeds will be used to refinance the company's existing senior secured credit facility, under which there is $2.7 billion outstanding.

Fidelity National is a Jacksonville, Fla.-based provider of technology to the financial services and real estate industries.

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