Willkie Advises FIS in Approximately US$2.9 Billion (Equivalent) Senior Notes Offering and Tender Offers

December 4, 2019

Willkie represented FIS, a global leader in financial services technology, in its multi-tranche offering of senior notes denominated in Euro and Pounds sterling as well as its concurrent tender offers for certain outstanding debt securities.

On December 3, Willkie client FIS (NYSE: FIS), a global leader in financial services technology, announced that it had completed its multi-tranche offering of senior notes denominated in Euro and Pounds sterling in aggregate principal amounts of €2.25 billion and £300 million, respectively. The joint book-running managers for the offerings were led by J.P Morgan, Merrill Lynch, MUFG and Wells Fargo.

Also on December 3, FIS announced that it had completed its cash tender offer (the “Any and All Tender Offer”) for its outstanding 3.625% Senior Notes due 2020, 2.250% Senior Notes due 2021 and 4.500% Senior Notes due 2022 (collectively, the “Any and All Notes”). The aggregate purchase price for the Any and All Notes accepted for purchase in the Any and All Tender Offer was approximately $1.37 billion. FIS has called for redemption all of the remaining Any and All Notes that were not tendered and not accepted for purchase in the Any and All Tender Offer, with a scheduled redemption date of January 2, 2020.

Concurrently with the Any and All Tender Offer, FIS commenced a cash tender offer (the “Maximum Tender Offer”) for up to $650 million aggregate principal amount of certain outstanding debt securities. The Maximum Tender Offer is scheduled to expire on December 19, 2019, unless extended or earlier terminated.

FIS is a leading provider of technology solutions for merchants, banks and capital markets firms globally. Its 55,000 people are dedicated to advancing the way the world pays, banks and invests by applying its scale, deep expertise and data-driven insights. FIS helps its 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.

The Willkie team was led by partners Robert Rachofsky and Benjamin Nixon, with assistance from U.K. partner Jennifer Tait and associate Julian Golay. Partner Christopher Peters and counsel Catherine Harrington provided tax advice.

Willkie also represented FIS in connection with its approximately $42 billion merger with Worldpay, which closed on July 31, 2019, and its approximately $8.2 billion (equivalent) of multi-tranche senior notes offerings, which closed on May 21, 2019.