Fidelity Natl Information Svcs Stock Price, News & Analysis

Fidelity National Information Services (FIS) has announced the pricing terms for its cash tender offer for various outstanding senior notes, including those due in 2021, 2023, 2024, 2025, and 2026. The Any and All Tender Offer will expire on March 2, 2021, and includes notes valued at approximately €500 million and $2.6 billion across multiple currencies. The total consideration, fixed spreads, and reference yields for each series are detailed in the accompanying table. FIS emphasizes that any tendered notes may be withdrawn before the offer's expiration.

The Global Payments Report from FIS highlights significant shifts in payment preferences due to the pandemic. Mobile wallets surpassed cash for the first time in 2020, with cash use dropping to 20% of in-store payments globally. eCommerce spending surged 19% to $4.6 trillion, with projections of $7.3 trillion by 2024. Digital wallets are expected to account for over half of eCommerce transactions by the same year. The report emphasizes the need for businesses to adapt to these changing consumer behaviors to capitalize on growth opportunities.

Fidelity National Information Services (FIS) announced the pricing of a multi-tranche offering of senior notes totaling $5.25 billion. The notes include various maturities with interest rates ranging from 0.375% to 3.100%. FIS plans to use the net proceeds for purchasing outstanding senior notes and general corporate purposes, including refinancing debt and repaying borrowings. The offering is expected to close on March 2, 2021, pending customary conditions.

Fidelity National Information Services (FIS) announced plans for a multi-tranche offering of senior notes in U.S. dollars. The net proceeds will first be used to purchase certain outstanding senior notes through cash tender offers. Remaining funds are earmarked for general corporate purposes, potentially refinancing debt maturities or repaying borrowings. FIS may temporarily invest unallocated funds in investment-grade securities or money-market accounts. J.P. Morgan, Barclays, Goldman Sachs, Citigroup, and U.S. Bancorp are joint book-running managers for this offering.

Fidelity National Information Services (FIS) is initiating tender offers for its outstanding senior notes. The offers include:

• Any and all outstanding notes totaling approximately €500 million and $700 million.
• Up to $500 million in repurchases of selected notes, including 4.250% Senior Notes due 2028.

The Expiration Dates for the offers are March 2, 2021, for the Any and All Tender Offer and March 22, 2021, for the Maximum Tender Offer. The Total Consideration for accepted Securities will be determined based on a fixed spread plus the applicable yield to maturity.

FIS (NYSE: FIS) will present at several upcoming financial conferences, including the KBW Fintech Payments Conference on February 25, 2021, at 1:00 PM EST, the Evercore ISI Payments & Fintech Innovators Forum on March 4, 2021, at 3:30 PM EST, and the Wolfe Research Virtual Fintech Forum on March 9, 2021, at 11:20 AM EST.

Live audio webcasts and replays will be available on the Investor Relations section of FIS's website. FIS is a global leader in financial technology, enhancing payment, banking, and investment services.

FIS (NYSE: FIS) is calling for submissions for the 2021 Impact Awards, recognizing innovative use of their technology by clients to enhance services and drive business results. For each winning entry, FIS will donate $10,000 to a charity of the winner's choice, contributing to nearly $400,000 donated since the program's inception. Eligible participants include banks, credit unions, and for the first time, merchants served by FIS from the U.S., U.K., Germany, and France. Submissions close on April 14, with winners recognized at a virtual event later this year.

FIS has opened applications for the 2021 FIS Fintech Accelerator program, aimed at aiding high-potential growth-stage fintech startups. In collaboration with The Venture Center and Arkansas, the program is now in its sixth year and emphasizes inclusivity, welcoming startups run by women and minorities. Ten selected companies will receive monetary investments and the chance to showcase their innovations at the 2021 FIS Demo Day. The virtual program will run from June 7, following a preparatory four-week incubator, and aims to address the increasing demand for digital financial solutions due to the pandemic.