Davis Polk advised the representatives of the underwriters, in connection with SEC-registered offerings by Fidelity National Information Services, Inc. (“FIS”) of €5 billion aggregate principal amount of senior notes, consisting of one series of floating-rate senior notes and multiple series of fixed-rate senior notes, £1.25 billion aggregate principal amount of senior notes, consisting of £625 million aggregate principal amount of 2.602% senior notes due 2025 and £625 million aggregate principal amount of 3.360% senior notes due 2031, and $1 billion aggregate principal amount of 3.750% senior notes due 2029.
FIS intends to use the net proceeds from the offerings to provide funds for the cash portion of the merger consideration for its pending merger with Worldpay, Inc., the repayment of outstanding Worldpay debt and costs and expenses of the merger.
Headquartered in Jacksonville, Florida, FIS is a global leader in financial services technology, with a focus on retail and institutional banking, payments, asset and wealth management, risk and compliance and outsourcing solutions. Through the depth and breadth of its solutions portfolio, global capabilities and domain expertise, FIS serves more than 20,000 clients in over 130 countries. FIS is a Fortune 500 company and is a member of Standard & Poor’s 500 Index.
Worldpay is a leading payments technology company with unique capability to power global omni-commerce. With an integrated technology platform, Worldpay offers a comprehensive suite of products and services, delivered globally through a single provider. Worldpay processes over 40 billion transactions annually, supporting more than 300 payment types across 146 countries and 126 currencies.
The Davis Polk capital markets team included partner Derek Dostal and associates Win Rutherfurd and David D. Kim. The tax team included partner Michael Farber and associate Summer Xia. Partner Frank J. Azzopardi and associate Yifu Chen provided intellectual property and technology advice. All members of the Davis Polk team are based in the New York office.