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Fiserv gets tenders for $553.87 million 6.125% notes by early deadline
By Marisa Wong
Madison, Wis., Sept. 28 - Fiserv, Inc. announced that $553,865,000 principal amount of notes were validly tendered as of 5 p.m. ET on Sept. 27, the early tender deadline, in connection with its previously announced cash tender offer to purchase up to $250 million of its outstanding 6.125% senior notes due 2012.
The offer began on Sept. 14 and is scheduled to expire at 11:59 p.m. ET on Oct. 12, unless extended.
The company will pay $1,100 per $1,000 principal amount of notes, which includes an early tender payment of $30 per $1,000 of notes. Holders who tender their notes after the early tender deadline, but prior to the expiration time, will receive $1,070 per $1,000 of notes.
Fiserv will also pay interest up to, but not including, the settlement date, which is expected to be Oct. 13.
The company said that because the total amount of tendered notes exceeds the tender cap of $250 million, if it accepts notes for purchase, it will accept the notes on a pro rata basis.
Bank of America Merrill Lynch (888 292-0070 or 980 388-9217) and Citi (800 558-3745 or 212 723-6106) are the dealer managers. Global Bondholder Services Corp. (866 387-1500 or 212 430-3774) is the information agent.
The financial technology provider is based in Brookfield, Wis.
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