The senior debt securities were issued in three tranches.
On August 16, Willkie client Fidelity National Information Services, Inc. (“FIS”), issued $2.5 billion principal amount of senior debt securities. The notes were issued in three tranches, with maturities of five years, ten years and thirty years. FIS took advantage of favorable market conditions to pay down bank debt and lock in low interest rates. The underwriters were led by Citi, JPMorgan, MUFG and US Bank.
FIS is a global leader in software and services to the banking and payments industries. In 2015, Willkie advised FIS on its $9 billion acquisition of SunGard.
The Willkie team was headed by partner Robert Rachofsky, with assistance from associates Victoria Rosales, James Rosenthal and Thomas Sharkey.