Filing Summary: Fidelity National Information Services, Inc. (FIS)
Business Context and Reporting Period
This Form 8-K Current Report, dated March 2, 2021, details the closing of a senior notes offering by Fidelity National Information Services, Inc. (FIS). The filing reports on a material definitive agreement entered into on the date of the report.
Key Financial Metrics and Debt Issuance
The company completed the issuance and sale of senior notes with an aggregate principal amount of $5.5 billion. The filing does not provide revenue, profit, cash flow, or margin data as this is a transactional report rather than a periodic financial statement.
| Note Series | Principal Amount | Coupon Rate | Maturity Year |
|---|---|---|---|
| 2023 Notes | $750,000,000 | 0.375% | 2023 |
| 2024 Notes | $750,000,000 | 0.600% | 2024 |
| 2026 Notes | $1,250,000,000 | 1.150% | 2026 |
| 2028 Notes | $750,000,000 | 1.650% | 2028 |
| 2031 Notes | $1,250,000,000 | 2.250% | 2031 |
| 2041 Notes | $750,000,000 | 3.100% | 2041 |
| Total Issuance | $5,500,000,000 | - | - |
Material Changes and Transaction Details
The primary material change is the increase in long-term debt obligations resulting from the $5.5 billion offering. The notes were issued pursuant to an Underwriting Agreement dated February 23, 2021, with representatives including J.P. Morgan Securities LLC, Barclays Capital Inc., Goldman Sachs & Co. LLC, Citigroup Global Markets Inc., and U.S. Bancorp Investments, Inc. The issuance was governed by the Base Indenture dated April 15, 2013, supplemented by six new supplemental indentures filed as exhibits.
Guidance, Risks, and Unusual Items
The filing does not contain updated financial guidance, management commentary on operational outlook, or specific risk factors beyond the standard legal opinions regarding the validity of the notes. The transaction was executed under an automatically effective Registration Statement on Form S-3ASR.
Key Facts for Investor Verification
- Total Proceeds: Verify the net proceeds received after underwriting discounts and commissions, which are not explicitly stated in this summary text.
- Use of Proceeds: Confirm the specific allocation of the $5.5 billion raised (e.g., refinancing existing debt, general corporate purposes) in the accompanying prospectus supplement.
- Debt Covenants: Review the supplemental indentures (Exhibits 4.1 through 4.6) for any new financial covenants or restrictions imposed by the new notes.
- Interest Rate Exposure: Note the mix of maturities ranging from 2023 to 2041 and the associated coupon rates in the context of current market interest rates.