FICO prices $1.0B 6.250% senior notes due 2034
Rhea-AI Filing Summary
Fair Isaac Corporation (FICO) is raising $1.0 billion through a private offering of 6.250% senior unsecured notes due 2034, priced at 100% of principal and sold to qualified institutional buyers under Rule 144A and to non‑U.S. investors under Regulation S.
FICO plans to use the net proceeds to repay borrowings under its existing unsecured revolving credit facility, fully redeem $400 million of 5.25% Senior Notes due 2026, pay related fees and expenses, and for general corporate purposes, which may include common stock repurchases. The company expects to close the notes offering on March 20, 2026, with a conditional redemption of the 2018 Senior Notes on March 26, 2026.
Positive
- None.
Negative
- None.
Insights
FICO is refinancing debt with a new $1.0 billion 6.250% 2034 note.
Fair Isaac Corporation has priced $1.0 billion of 6.250% senior unsecured notes due 2034, issued at par. The company intends to use proceeds to repay its unsecured revolving credit facility and redeem $400 million of 5.25% notes due 2026, plus fees and general purposes.
This shifts part of FICO’s capital structure into longer-dated fixed-rate debt while retiring nearer-term 2026 notes and revolving borrowings. The filing notes potential use of remaining proceeds for general corporate purposes, including possible common stock repurchases, indicating some financial flexibility once the refinancing is completed.
8-K Event Classification
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did FICO (FICO) announce regarding new debt financing?
How will FICO use the $1.0 billion senior notes proceeds?
What are the key terms of FICO’s new senior notes due 2034?
What is FICO doing with its existing 5.25% Senior Notes due 2026?
When is FICO expected to close the new notes offering?
Is FICO’s $1.0 billion senior notes deal a public or private offering?
AI-generated analysis. How Rhea-AI works. Not financial advice.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported)
(Exact name of registrant as specified in its charter)
| (State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
| |
||
| (Address of principal executive offices) | (Zip Code) |
Registrant’s telephone number, including area code
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class |
Trading |
Name of each exchange on which registered | ||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
| Item 8.01. | Other Events. |
On March 11, 2026, Fair Isaac Corporation (the “Company”) issued a press release announcing the pricing of its private offering to eligible purchasers of $1.0 billion aggregate principal amount of Senior Notes due 2034 (the “Notes Offering”). In accordance with Rule 135(c) of the Securities Act, a copy of this press release is being filed as Exhibit 99.1 to this Current Report on Form 8-K. Accordingly, this notice is not intended to and does not constitute an offer to sell nor a solicitation for an offer to purchase any securities of the Company.
The Company intends to use the net proceeds from the Notes Offering to repay certain indebtedness outstanding under its Third Amended and Restated Credit Agreement among the Company, the lenders party thereto, Wells Fargo Bank, National Association, Wells Fargo Securities, LLC and BofA Securities, Inc., dated May 13, 2025, to fund the redemption in full of $400 million aggregate principal amount of the 5.25% Senior Notes due 2026 that were issued on May 8, 2018 (the “2018 Senior Notes”), to pay related fees and expenses, and for general corporate purposes, which may include repurchases of its common stock.
This Current Report on Form 8-K does not constitute a notice of redemption of the 2018 Senior Notes.
The Notes have not been registered under the Securities Act or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and any applicable state securities laws.
| Item 9.01. | Financial Statements and Exhibits. |
(d) Exhibits.
| Exhibit | Description | |
| 99.1 | Notes Offering Pricing Press Release dated March 11, 2026. | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| FAIR ISAAC CORPORATION | ||
| By | /s/ Steven P. Weber | |
| Steven P. Weber | ||
| Executive Vice President and Chief Financial Officer | ||
Date: March 11, 2026
Exhibit 99.1
FICO Announces Pricing of $1.0 Billion in Senior Notes
Bozeman, MT – March 11, 2026 – Fair Isaac Corporation (NYSE: FICO) announced today that it priced $1.0 billion in aggregate principal amount of 6.250% Senior Notes due 2034 (the “Notes”) in a private offering that is exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”). The Notes were priced to investors at 100% of their principal amount and are senior unsecured obligations of FICO.
FICO intends to use the net proceeds from the offering of the Notes to repay certain indebtedness outstanding under its existing unsecured revolving credit facility, to fund the redemption in full of $400 million aggregate principal amount of the 5.25% Senior Notes due 2026 that were issued on May 8, 2018 (the “2018 Senior Notes”), to pay related fees and expenses, and for general corporate purposes which may include repurchases of common stock.
FICO expects to close on the sale of the Notes on March 20, 2026, subject to customary closing conditions.
As previously announced, on March 11, 2026, FICO provided conditional notice of its intent to redeem the 2018 Senior Notes on March 26, 2026 subject to the successful issuance of the Notes on terms and in an aggregate principal amount satisfactory to FICO. This press release does not constitute a notice of redemption with respect to the 2018 Senior Notes.
The Notes are being sold to persons reasonably believed to be qualified institutional buyers in reliance on the exemption from registration set forth in Rule 144A under the Securities Act and outside the United States to non-U.S. persons in reliance on the exemption from registration set forth in Regulation S under the Securities Act. The Notes have not been registered under the Securities Act or the securities laws of any other jurisdiction and may not be offered or sold in the United States absent registration or an applicable exemption from such registration requirements.
This press release shall not constitute an offer to sell, or the solicitation of an offer to buy, any securities, nor shall there be any sales of the Notes in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. This press release is being issued pursuant to, and in accordance with, Rule 135(c) under the Securities Act.
Statement Concerning Forward-Looking Information
Except for historical information contained herein, the statements contained in this news release that relate to FICO or its business are forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially, including the risks related to the offering of the Notes, impact of macroeconomic conditions on FICO’s business, operations and personnel, the success of FICO’s business strategies, the maintenance of its existing relationships and ability to create new relationships with customers, distributors and other business partners, its ability to continue to develop new and enhanced products and services and to enter new markets, its ability to recruit and retain key technical and managerial personnel, competition, regulatory changes applicable to the use or cost of consumer credit and other data, the failure to protect such data, the failure to realize the anticipated benefits of any acquisitions, or divestitures, and material adverse developments or uncertainty in global economic conditions or in the markets or industries that FICO serves. Additional information on these risks and uncertainties and other factors that could affect FICO’s future results are described from time to time in FICO’s reports filed with the Securities and Exchange Commission (the “SEC”), including its Annual Report on Form 10-K for the year ended September 30, 2025 and its subsequent filing with the SEC. If any of these risks or uncertainties materialize, FICO’s results could differ materially from its expectations. Investors are cautioned not to place undue reliance on any such forward-looking statements, which speak only as of the date they are made. FICO disclaims any intent or obligation to update these forward-looking statements, whether as a result of new information, future events or otherwise.
Contacts:
| FICO Contact: |
FICO Investors & Analysts: | |
| press@fico.com |
Dave Singleton Fair Isaac Corporation (800) 459-7125 investor@fico.com | |