FIS to repay $2.2 billion revolving credit facility via new notes

By Tali Rackner

Norfolk, Va., Aug. 11 – Fidelity National Information Services, Inc. (FIS) plans to repay all or a portion of the roughly $2.2 billion principal amount outstanding under its revolving credit facility with the proceeds from a new senior note offering, according to a 424B5 filing with the Securities and Exchange Commission.

Any remaining proceeds will be used for general corporate purposes.

The revolving credit facility provides $3 billion of total borrowing capacity and matures on Aug. 10, 2021.

On Aug. 10, FIS used proceeds from borrowings under the revolver to repay the remaining principal balance of $600 million on the term loan outstanding under its credit agreement in advance of its scheduled maturity of March 30, 2017.

FIS is a Jacksonville, Fla.-based provider of title insurance, mortgage and diversified services.

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