Fidelity National Information Services, Inc. (“FIS”)
(NYSE: FIS), the world’s largest provider of banking and payments
technology solutions and a global leader in consulting and outsourcing
solutions, today announced the completion of an amendment to its
existing credit agreement.
Following the amendment, the unsecured credit agreement totals $4.3
billion in the aggregate, including $1.3 billion of term loans and $3.0
billion of revolving loan capacity. The maturity of the term loans under
the amended credit agreement remains unchanged at March 30, 2017, and
the maturity of the revolving loans is extended to Dec. 18, 2019. There
was no material change to FIS’ total leverage as a result of the
amendment. All existing guarantees from FIS’ subsidiaries have been
eliminated under the amended credit agreement and, as a result, all
guarantees by FIS’ subsidiaries of FIS’ outstanding Indentures have also
automatically terminated.
The loans under the amended credit agreement are subject to a credit
ratings-based pricing grid.
J.P. Morgan Chase Bank, N.A., acts as Administrative Agent under the
credit agreement. J.P. Morgan Securities LLC; Merrill Lynch, Pierce,
Fenner & Smith Incorporated; Wells Fargo Securities, LLC; HSBC Bank USA,
National Association; The Bank of Tokyo-Mitsubishi UFJ, Ltd.; and U.S.
Bank National Association acted as joint lead arrangers and joint book
running managers of the credit agreement.
About FIS
FIS is the world’s largest provider of banking and payments technology
solutions and a global leader in consulting and outsourcing solutions.
With a long history deeply rooted in the financial services sector, FIS
serves more than 14,000 institutions in over 110 countries.
Headquartered in Jacksonville, Fla., FIS employs more than 40,000 people
worldwide and holds leadership positions in payment processing and
banking solutions, providing software, services and outsourcing of the
technology that drives financial institutions. First in financial
technology, FIS tops the annual FinTech 100 list, the FinTech Forward
100 list, is 426 on the Fortune 500 and is a member of Standard & Poor’s
500® Index. For more information about FIS, visit http://www.fisglobal.com/.
Follow FIS on Facebook (facebook.com/FIStoday) and Twitter (@FISGlobal).
Forward-Looking Statements
This news release contains “forward-looking statements” within the
meaning of the U.S. federal securities laws. Statements that are not
historical facts, including statements about our expectations, hopes,
intentions, or strategies regarding the future, are forward-looking
statements. These statements relate to future events and our future
results, and involve a number of risks and uncertainties.
Forward-looking statements are based on management’s beliefs, as well as
assumptions made by, and information currently available to, management.
Any statements that refer to beliefs, expectations, projections or other
characterizations of future events or circumstances and other statements
that are not historical facts are forward-looking statements.
Actual results, performance or achievement could differ materially from
those contained in these forward-looking statements. The risks and
uncertainties that forward-looking statements are subject to include
without limitation:
-
changes in general economic, business and political conditions,
including the possibility of intensified international hostilities,
acts of terrorism, and changes in either or both the United States and
international lending, capital and financial markets;
-
the effect of legislative initiatives or proposals, statutory changes,
changes in governmental or other applicable regulations and/or changes
in industry requirements, including privacy regulations;
-
the risks of reduction in revenue from the elimination of existing and
potential customers due to consolidation in, or new laws or
regulations affecting, the banking, retail and financial services
industries or due to financial failures or other setbacks suffered by
firms in those industries;
-
changes in the growth rates of the markets for our solutions;
-
failures to adapt our solutions to changes in technology or in the
marketplace;
-
internal or external security breaches of our systems, including those
relating to the theft of personal information and computer viruses
affecting our software or platforms, and the reactions of customers,
card associations, government regulators and others to any such events;
-
the reaction of our current and potential customers to communications
from us or our regulators regarding information security, risk
management, internal audit or other matters;
-
competitive pressures on pricing related to our solutions including
the ability to attract new, or retain existing, customers;
-
an operational or natural disaster at one of our major operations
centers;
-
and other risks detailed in “Risk Factors” and other sections of the
Company’s Annual Report on Form 10-K for the fiscal year ended
December 31, 2013 and other filings with the SEC.
Other unknown or unpredictable factors also could have a material
adverse effect on our business, financial condition, results of
operations and prospects. Accordingly, readers should not place undue
reliance on these forward-looking statements. These forward-looking
statements are inherently subject to uncertainties, risks and changes in
circumstances that are difficult to predict. Except as required by
applicable law or regulation, we do not undertake (and expressly
disclaim) any obligation and do not intend to publicly update or review
any of these forward-looking statements, whether as a result of new
information, future events or otherwise.
Copyright Business Wire 2014