- 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)
FIS boosts revolving credit line, starts U.S. commercial paper program
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Symbol | Last Price | % Chg |
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FIS | - | - |
Fidelity National Information Services, Inc. |