Fiserv to repay credit facility borrowings with new note proceeds

New York, May 19 – Fiserv, Inc. plans to repay borrowings on its revolving credit facility and may also pay down its term loan with proceeds from the sale of new notes.

Other proceeds from the new bonds will be used to redeem all of the company’s $600 million of 3.125% senior notes due 2016 and all of its $500 million of 6.8% senior notes due 2017, according to a 424B5 filing with the Securities and Exchange Commission.

Any remaining proceeds will be used for general corporate purposes, which may include repayment of term loan borrowings or the company’s $300 million of 3.125% senior notes due 2015.

As of March 31, Fiserv had $85 million outstanding on the revolver and $810 million of term loans outstanding.

Fiserv is a Brookfield, Wis., provider of financial services technology.

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