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FIS boosts revolving credit line, starts U.S. commercial paper program

  • FIS (NYSE:FIS) boosts its unsecured revolving credit facility to $4B from $3B and extends maturity to 2023.
  • Also, FIS establishes a new U.S. commercial paper program under which it may issue, on a private placement basis, notes up to $4.0B.
  • Terms of the amended and restated revolving credit line include maximum leverage ratio remaining at 3.50x with potential step-ups to 4.00x or 4.50x following acquisitions of a certain size.
  • Borrowings under the credit line will be used for general corporate purposes including backstopping any notes that FIS may issue under the new CP program.
  • Previously: Fidelity National boosts full-year forecast on strong H2 pipeline (July 31)

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Fidelity National Information Services, Inc.