Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers F > Headlines for Fidelity National Information Services Inc. > News item |
Fitch: Fidelity, Metavante on watch
Fitch Ratings said that following Fidelity National Information Services, Inc.'s announcement of its decision to pursue a leveraged recapitalization, the agency has placed the following ratings on rating watch negative: issuer default rating BB+; $900 million secured revolving credit facility at BBB-; and senior secured term loan A at BBB-.
Fitch said it has also placed on rating watch negative the following ratings for Metavante Technologies Inc.: issuer default rating BB+; and $800 million senior secured term loan B BBB-.
The agency said that Fidelity previously announced that its board of directors had formed a special committee to evaluate two potential strategic alternatives, including a leveraged buyout as well as a leveraged recapitalization of the company and share repurchase program.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.