FIS adds $1.5 billion to revolver for $5.5 billion borrowing capacity

Chicago, May 29 – Fidelity National Information Services, Inc. (FIS) amended its credit agreement to permit borrowings on its unsecured revolving facility for up to $5.5 billion, an increase of $1.5 billion from a previous limit of $4 billion, according to a company news release.

The expiration of the agreement remains Sept. 21, 2023.

JPMorgan Chase Bank, NA acts as administrative agent for the credit facility.

The company has concurrently increased its U.S. commercial paper program to $5.5 billion from $4 billion. Additionally, FIS has established a new European commercial paper program for up to $4.7 billion.

Borrowings of $2.9 billion from both commercial paper programs combined with the proceeds from the recently completed $8.2 billion bond offering will be used to finance the cash portion of the pending merger with Worldpay, Inc., repayment of outstanding Worldpay debt and costs associated with the merger.

The weighted average interest rate on the permanent financing of the $11.1 billion used for the Worldpay transaction is expected to be about 1.5%.

FIS is a financial services technology company based in Jacksonville, Fla.

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