FIS announces results of any-and-all tender offers for seven series

Chicago, March 2 – Fidelity National Information Services, Inc. (FIS) announced the expiration and final results of its any-and-all tender offer in a press release on Tuesday evening.

Earlier in the day, the company announced the purchase prices that were determined at 10 a.m. ET.

Any-and-all offers

FIS received tenders in the following amounts in the any-and-all offer, with earlier announced pricing for each series also listed:

• €54.26 million of the €500 million of floating rate senior notes due May 21, 2021 (ISIN: XS1843436491) at a fixed price of €1,000.50 per $1,000 of notes;

• €278,718,000 of the €500 million of 0.125% senior notes due May 21, 2021 (ISIN: XS1843436657) at a fixed price of €1,000.82 per $1,000 of notes;

• $334,101,000 of the $700 million of 3.5% senior notes due April 15, 2023 (Cusip: 31620MAK2) at $1,064 per $1,000 of notes, calculated using the 0.25% U.S. Treasury due April 15, 2023 plus a fixed spread of 30 basis points;

• $126,133,000 of the $400,004,000 of 3.875% senior notes due June 5, 2024 (Cusip: 31620MAM8) at $1,106.17 per $1,000 of notes, based on the 2% U.S. Treasury due May 31, 2024 plus a fixed spread of 25 bps;

• £453,033,000 of the £625 million of 2.602% senior notes due May 21, 2025 (ISIN: XS1843436061) at £1,082.52 per £1,000 of notes, based on the 5% U.K. Treasury due March 7, 2025 plus a fixed spread of 30 bps;

• $21,971,000 of the $611,928,000 of 5% senior notes due Oct. 15, 2025 (Cusip: 31620MAR7) at $1,169.28 per $1,000 of notes, based on the 0.25% U.S. Treasury due June 30, 2025 plus a fixed spread of 45 bps; and

• $592,626,000 of the $1.25 billion of 3% senior notes due Aug. 15, 2026 (Cusip: 31620MAT3) at a price of $1,101.32 per $1,000 of notes, based on the 1.625% U.S. Treasury due May 15, 2026 plus a fixed spread of 25 bps.

The any-and-all tender offers expired at 11 a.m. ET on March 2 for euro and sterling notes and at 5 p.m. ET on March 2 for dollar notes.

Settlement is slated for March 3.

Capped offer

Fidelity concurrently launched on Feb. 23 an offer to purchase up to $500 million of four series of notes.

The outstanding amounts of the series included in the capped offer, listed by acceptance priority level, are as follows:

• $400 million of 4.25% senior notes due May 15, 2028 (Cusip: 31620MAY2) to be repurchased at a price calculated using the 1.125% U.S. Treasury due Feb. 15, 2031 plus a fixed spread of 25 bps;

• $1 billion of 3.75% senior notes due May 21, 2029 (Cusip: 31620MBJ4) to be repurchased at a price based on the 1.125% U.S. Treasury due Feb. 15, 2031 plus a fixed spread of 45 bps;

• $324,021,000 of 4.5% senior notes due Oct. 15, 2046 (Cusip: 31620MAU0) to be repurchased at a price based on the 1.625% U.S. Treasury due Nov. 15, 2050 plus a fixed spread of 95 bps; and

• €1.25 million of 1.5% senior notes due May 21, 2027 (ISIN: 1843436228) to be repurchased at a price based on the February 2027 interpolated rate plus a fixed spread of 40 bps.

Pricing will be determined at 10 a.m. ET on March 9.

The consideration under the capped offer will also include a $50 or €50 early tender payment per $1,000 or €1,000 of notes tendered by the early tender deadline at 5 p.m. ET March 8.

All maximum tender offer notes tendered prior to or at the early tender date will be accepted based on the acceptance priority levels and will have priority over maximum tender offer notes tendered after the early tender date, regardless of the acceptance priority levels of the maximum tender offer notes tendered after the early tender date.

Settlement of early tendered notes under the capped offer will be on March 10.

The capped tender offer will expire at 11:59 p.m. ET on March 22.

Final settlement of the capped offers is expected to occur on March 24.

Tenders of any-and-all notes may be withdrawn prior to the expiration time, and tenders under the capped offer may be withdrawn prior to 5 p.m. ET on March 8.

J.P. Morgan Securities LLC (866 834-4666, 212 834-3424), J.P. Morgan Securities plc (+44 20 7134 2468; liability_management_EMEA@jpmorgan.com) and Goldman Sachs & Co. LLC (212 357-1452, 800 828-3182; gs-lm-nyc@gs.com) are the joint dealer managers, and Barclays, Barclays Bank plc and Citigroup Global Markets Inc. are the co-dealer managers.

D.F. King (212 232-3233 for banks and brokers only or 800 549-6864 for all others, +44 20 7920 9700 in London, fis@dfking.com or at www.dfking.com/fis) is the tender and information agent.

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

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