By Angela McDaniels
Tacoma, Wash., July 10 – Fidelity National Information Services, Inc., or FIS, determined the prices it will pay in the tender offers for up to $2 billion principal amount of its debt securities, according to a company news release.
The total consideration and the tender cap for each series of notes is noted in the table below. The notes are listed in order of acceptance priority level.
The total consideration for each series of notes is based on the applicable reference yield plus the applicable fixed spread and is payable to holders of notes tendered prior to 5 p.m. ET on July 10, the early tender deadline. Each total consideration includes an early tender premium of $30 per $1,000 principal amount of notes.
Holders will also receive accrued interest up to but excluding the settlement date, which is expected to be July 25.
The tender offers will expire at 11:59 p.m. ET on July 24.
The dealer managers are Barclays (800 438-3242 or 212 528-7581), J.P. Morgan Securities LLC (866 834-4666 or 212 834-3424) and BofA Merrill Lynch (888 292-0070 or 980 387-3907). D.F. King & Co, Inc. (212 269-5550, 800 791-3320 or fis@dfking.com) is the tender and information agent.
FIS is a financial services technology company based in Jacksonville, Fla.
FIS tender offer
| Notes | Tender cap | Reference Treasury | Fixed spread | Total consideration
|
| 3.625% senior notes due 2020 | $600 million | 1.5% due June 15, 2020 | 45 bps | $1,048.44
|
| 5% senior notes due 2025 | $350 million | 2.375% due May 15, 2027 | 87 bps | $1,122.40
|
| 4.5% senior notes due 2022 | $200 million | 1.75% due May 31, 2022 | 68 bps | $1,089.21
|
| 3.875% senior notes due 2024 | $300 million | 2.375% due May 15, 2027 | 53 bps | $1,057.97
|
| 3.5% senior notes due 2023 | $300 million | 1.750% due May 31, 2022 | 75 bps | $1,041.74
|
| 2.85% senior notes due 2018 | N/A | 0.875% due Oct. 15, 2018 | 30 bps | $1,014.79
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