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FIS Announces the Pricing Terms of its Pending Any and All Tender Offer
[December 02, 2019]

FIS Announces the Pricing Terms of its Pending Any and All Tender Offer


Fidelity National Information Services (News - Alert), FIS™, (NYSE:FIS), a global leader in financial services technology, announced today the pricing terms of its previously announced cash tender offer (the "Any and All Tender Offer") for any and all of its outstanding 3.625% Senior Notes due 2020, its outstanding 2.250% Senior Notes due 2021 and its outstanding 4.500% Senior Notes due 2022 (collectively, the "Any and All Notes"). The terms and conditions of the Any and All Tender Offer are described in the Offer to Purchase, dated November 21, 2019 (the "Offer to Purchase"). The Any and All Tender Offer will expire at 5:00 p.m., New York City time, today, December 2, 2019, unless extended or earlier terminated.

The applicable Reference Yield, Repurchase Yield and Total Consideration with respect to the Any and All Tender Offer are detailed in the table below:





Title of
Security

CUSIP
Number

Initial
Principal
Amount

U.S.
Treasury
Reference
Security

Reference
Yield

Fixed
Spread

Repurchase
Yield

Total
Consideration*

3.625%
Senior
Notes due
2020

31620MAP1

$1,150,022,000

1.375%
UST due
9/15/2020

1.662%

+35 bps

2.012%

$1,012.47

2.250%
Senior
Notes due
2021

31620MAS5

$750,000,000

2.625%
UST due
7/15/2021

1.683%

+20 bps

1.883%

$1,005.81

4.500%
Senior
Notes due
2022

31620MAQ9

$300,006,000

1.5%
UST due
8/15/2022

1.624%

+45 bps

2.074%

$1,063.38


* Per $1,000 principal amount of Any and All Notes.

Upon consummation of the Any and All Tender Offer, FIS will pay the applicable Total Consideration (as shown in the table above for each series of Any and All Notes) for each $1,000 principal amount of such series of Any and All Notes tendered and accepted for payment, plus accrued and unpaid interest up to, but not including, December 3, 2019, the expected settlement date for the Any and All Tender Offer. The Total Consideration was calculated in the manner described in the Offer to Purchase by reference to a fixed spread specified in the table above plus the yield to par call date based on the bid-side price of the applicable U.S. Treasury Reference Security specified in the table above at 2:00 p.m., New York City time, on December 2, 2019.

To receive the Total Consideration, holders of Any and All Notes must validly tender and not validly withdraw their Any and All Notes or timely comply with the guaranteed delivery procedures set forth in the Offer to Purchase prior to the expiration of the Any and All Tender Offer. Any and All Notes tendered may be withdrawn at any time prior to the expiration of the Any and All Tender Offer, by following the procedures described in the Offer to Purchase. Holders of Any and All Notes are urged to read carefully the Offer to Purchase before making any decision with respect to the Any and All Tender Offer.

FIS' obligation to accept for payment and to pay for the Any and All Notes validly tendered in the Any and All Tender Offer is subject to the satisfaction or waiver of a number of conditions described in the Offer to Purchase, including a financing condition. The Any and All Tender Offer may be terminated or withdrawn in whole or terminated or withdrawn with respect to any series of the Any and All Notes, subject to applicable law. FIS reserves the right, subject to applicable law, to (i) waive any and all conditions to the Any and All Tender Offer, (ii) extend or terminate the Any and All Tender Offer, or (iii) otherwise amend the Any and All Tender Offer in any respect.

FIS has retained BofA Securities and J.P. Morgan Securities LLC as dealer managers (the "Dealer Managers") for the Any and All Tender Offer. FIS has retained D.F. King & Co, Inc. as the tender and information agent for the Any and All Tender Offer. For additional information regarding the terms of the Any and All Tender Offer, please contact: BofA Securities at (980) 387-3907 (collect) or (888) 292-0070 (toll-free); or J.P. Morgan Securities LLC at (866) 834-4666 (toll free) or (212) 834-3424 (collect). Requests for documents and questions regarding the tendering of securities may be directed to D.F. King & Co., Inc. by telephone at (212) 269-5550 (for banks and brokers only) or (800) 549-6864 (for all others toll-free), by email at fis@dfking.com or to the Dealer Managers at their respective telephone numbers.

This press release shall not constitute an offer to sell, a solicitation to buy or an offer to purchase or sell any securities. The Any and All Tender Offer is being made only pursuant to the Offer to Purchase and only in such jurisdictions as is permitted under applicable law.

About FIS

FIS is a leading provider of technology solutions for merchants, banks and capital markets firms globally. Our 55,000 people are dedicated to advancing the way the world pays, banks and invests by applying our scale, deep expertise and data-driven insights. We help our clients use technology in innovative ways to solve business-critical challenges and deliver superior experiences for their customers. Headquartered in Jacksonville, Florida, FIS is a Fortune 500® company and is a member of Standard & Poor's 500® Index.

Forward-looking Statements

This news release contains forward-looking statements that involve a number of risks and uncertainties. Statements that are not historical facts, including statements about our beliefs and expectations, are forward-looking statements. Forward-looking statements are based on management's beliefs, as well as assumptions made by, and information currently available to, management. Because such statements are based on expectations as to future events and are not statements of fact, actual results may differ materially from those projected. FIS undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. The risks and uncertainties which forward-looking statements are subject to include, but are not limited to, the risks related to the acceptance of any tendered Any and All Notes, the expiration and settlement of the Any and All Tender Offer, the satisfaction of conditions to the Any and All Tender Offer, whether the Any and All Tender Offer will be consummated in accordance with the terms set forth in the Offer to Purchase or at all and the timing of any of the foregoing, and other risks detailed in the "Statement Regarding Forward-Looking Information," "Risk Factors" and other sections of FIS' Form 10-K for the year ended December 31, 2018, FIS' Form 10-Q for the quarterly period ended June 30, 2019, FIS' Form 10-Q for the quarterly period ended September 30, 2019 and FIS' other filings with the Securities and Exchange Commission.


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