Fidelity National Information Services $5.5 billion senior notes offering
The investment-grade offering was coupled with cash tender offers for outstanding debt
Davis Polk advised the underwriters in connection with an SEC-registered offering by Fidelity National Information Services, Inc. (“FIS”) of $5.5 billion aggregate principal amount of senior notes, consisting of $750 million aggregate principal amount of 0.375% senior notes due 2023, $750 million aggregate principal amount of 0.600% senior notes due 2024, $1.25 billion aggregate principal amount of 1.150% senior notes due 2026, $750 million aggregate principal amount of 1.650% senior notes due 2028, $1.25 billion aggregate principal amount of 2.250% senior notes due 2031 and $750 million aggregate principal amount of 3.100% senior notes due 2041.
Davis Polk also advised the dealer managers in connection with FIS’s concurrent cash tender offer to purchase any and all of its outstanding floating-rate senior notes due 2021, 0.125% senior notes due 2021, 3.500% senior notes due 2023, 3.875% senior notes due 2024, 2.602% senior notes due 2025, 5.000% senior notes due 2025, 3.000% senior notes due 2026 and up to an aggregate maximum repurchase amount of approximately $567 million of its outstanding 4.250% senior notes due 2028, 3.750% senior notes due 2029, 4.500% senior notes due 2046 and 1.500% senior notes due 2027. The concurrent cash tender offer was funded with the proceeds of the notes offerings.
Headquartered in Jacksonville, Florida, FIS is a global leader in financial services technology, providing solutions and services to clients in the retail and institutional banking, payments, capital markets, asset management and wealth and retirement markets. Through the depth and breadth of its solutions portfolio, global capabilities and domain expertise, FIS serves clients in over 130 countries. FIS is a Fortune 500 company and is a member of Standard & Poor’s 500 Index.
The Davis Polk capital markets team included partner Derek Dostal and associate Maxim Van de moortel. The tax team included counsel Alon Gurfinkel and associate Summer Xia. Members of the Davis Polk team are based in the New York and London offices.