FIS completed an amendment and restatement of its existing credit agreement and an amendment of its existing term loan agreement.

Following the amendment and restatement of its existing credit agreement, the unsecured revolving loan capacity remains $3 billion and the maturity date is extended to Aug. 10, 2021. The term loans outstanding under the existing credit agreement, which had a remaining principal balance of $600 million and a scheduled maturity date of March 30, 2017, have been repaid in full with borrowings under the revolving loan.

The maximum permitted leverage remains at 4.25x with step-downs commencing Dec. 31, 2016. The loans under the amended and restated credit agreement continue to be subject to a credit ratings-based pricing grid that is not changed by the amendment and restatement.

The existing term loan agreement has been amended to be consistent with the amendment and restatement of the credit agreement. The amendment of the existing term loan agreement does not change the outstanding principal amount, interest rate or maturity date of the term loans thereunder.

There was no material change to FIS’ total leverage as a result of the amendment and restatement of the existing credit agreement and the amendment of the existing term loan agreement.

JPMorgan Chase acted as administrative agent under the amended and restated credit agreement. JPMorgan Chase, Merrill Lynch, Citigroup Global Markets, The Bank of Tokyo-Mitsubishi UFJ, U.S. Bank and Wells Fargo Securities acted as joint lead arrangers and joint book running managers of the amended and restated credit agreement.

Bank of America acted as administrative agent under the term loan agreement. Merrill Lynch, Wells Fargo Securities, J.P. Morgan Securities, The Bank of Tokyo-Mitsubishi UFJ, Credit Agricole and U.S. Bank acted as joint lead arrangers of the term loan agreement. Merrill Lynch, Wells Fargo Securities, J.P. Morgan Securities and The Bank of Tokyo-Mitsubishi UFJ acted as joint bookrunners of the term loan agreement.

Jacksonville, FL-based FIS provides financial services technology, with a focus on retail and institutional banking, payments, asset and wealth management, risk and compliance, consulting and outsourcing solutions.