Fiserv enters into $6 billion five-year replacement revolver

Chicago, June 21 – Fiserv, Inc. entered into a new $6 billion revolving credit facility on June 16, according to an 8-K filed with the Securities and Exchange Commission.

JPMorgan Chase Bank, NA is the administrative agent.

The facility matures on June 16, 2027.

Drawings under the credit agreement are available in U.S. dollars, euro, pounds sterling and certain other currencies to the extent agreed by the administrative agent and the lenders.

Interest, based on ratings, will be between SOFR plus 92 basis points to 142.5 bps.

The five-tier facility fee rate will be between 8 bps and 20 bps.

Financial covenants limit the company’s consolidated debt as of the end of each fiscal quarter to no more then 3.75 times the company’s consolidated EBITDA.

The syndication agents are BofA Securities, Inc. Citibank, NA, MUFG Bank, Ltd., PNC Bank, NA, TD Bank, New York Branch, Truist Bank, U.S. Bank NA and Wells Fargo Bank, NA.

Documentation agents are Bank of Montreal, Bank of Nova Scotia, Capital One, NA, Deutsche Bank Securities Inc., Mizuho Bank, Ltd., National Westminster Bank plc and Santander Bank, NA.

Joint bookrunners and joint lead arrangers are JPMorgan Chase Bank, NA, BofA Securities, Inc., Citibank, NA, MUFG Bank, Ltd., PNC Bank, NA, TD Securities (USA) LLC, Truist Securities, Inc., U.S. Bank NA and Wells Fargo Securities, LLC.

Concurrent with entry into the new agreement, Fiserv repaid its $3.5 billion revolver from Sept. 19, 2018 with JPMorgan as administrative agent.

The financial services technology company is based in Brookfield, Wis.

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