Fidelity National Information lifts revolver to $5.5 billion

By Marisa Wong

Morgantown, W.Va., June 4 – Fidelity National Information Services, Inc. entered into a third amendment on March 29 to its existing credit agreement with JPMorgan Chase Bank, NA as administrative agent to increase the revolving credit commitments by $1.5 billion to an aggregate principal amount of $5.5 billion, according to an 8-K filing with the Securities and Exchange Commission.

The amendment also establishes a new swingline subfacility for same-day borrowings in euros in an aggregate principal amount equal to the dollar equivalent of $4,735,000,000.

In addition, the amendment refreshes the company’s ability to increase the revolving credit commitments in the future by an aggregate principal amount of up to $1.5 billion.

The amendment amends the calculation of consolidated EBITDA to increase the cap on the add-back for cost savings, operating expense reductions and synergies to 20% from 15% of consolidated EBITDA and extend the realization period for those add-backs to 24 months from 18 months.

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

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