FIS extends $3 billion revolving loan until 2021 via six bookrunners

By Susanna Moon

Chicago, Aug. 10 – FIS said it extended its credit agreement until Aug. 10, 2021 with JPMorgan Chase Bank, NA, Bank of America Merrill Lynch, Citigroup Global Markets Inc., MUFG, U.S. Bank NA and Wells Fargo Securities, LLC as lead arrangers and bookrunners.

JPMorgan Chase Bank, NA is the administrative agent.

The unsecured revolving loan size remains at $3 billion, according to a company announcement.

The company said it repaid the term loans outstanding under its credit agreement, which had a remaining principal balance of $600 million and a scheduled maturity date of March 30, 2017, using borrowings under the revolving loan.

The maximum permitted leverage remains 4.25 times with step-downs beginning Dec. 31.

The loans under the amended agreement continue to be subject to a credit ratings-based pricing grid that is unchanged, the release noted.

There was no material change to FIS’ total leverage as a result of the amendment, the release added.

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

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