Daily News: December 19, 2014

JPMorgan Agents FIS Facility Amendment


Fidelity National Information Services, the world’s largest provider of banking and payments technology solutions and a global leader in consulting and outsourcing solutions, announced the completion of an amendment to its existing credit agreement.

JPMorgan Chase acted as administrative agent. J.P. Morgan Securities; Merrill Lynch, Wells Fargo Securities, HSBC Bank USA, The Bank of Tokyo-Mitsubishi UFJ and U.S. Bank acted as joint lead arrangers and joint bookrunning managers of the credit agreement.

Following the amendment, the unsecured credit agreement totals $4.3 billion in the aggregate, including $1.3 billion of term loans and $3.0 billion of revolving loan capacity. The maturity of the term loans under the amended credit agreement remains unchanged at March 30, 2017, and the maturity of the revolving loans is extended to December 18, 2019. There was no material change to FIS’ total leverage as a result of the amendment. All existing guarantees from FIS’ subsidiaries have been eliminated under the amended credit agreement and, as a result, all guarantees by FIS’ subsidiaries of FIS’ outstanding Indentures have also automatically terminated.

The loans under the amended credit agreement are subject to a credit ratings-based pricing grid.

FIS is a global provider of banking and payments technology solutions and consulting and outsourcing solutions.