Fair Isaac to repay revolver borrowings via proceeds from new notes

By Sarah Lizee

Olympia, Wash., April 30 – Fair Isaac Corp. plans to repay debt under its existing unsecured revolving credit facility using proceeds from a new offering, according to a press release.

The company said on Monday that it intends to price $400 million of senior notes due 2026.

Proceeds from the offering will be used to repay borrowings from the revolver that were used repay all of the company’s 7.18% series D senior notes due 2018 at maturity.

Fair Isaac is a San Jose, Calif.-based data analytics company that provides products, solutions and services that enable businesses to automate, improve and connect decisions to enhance business performance.

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