Davis Polk advised JPMorgan Chase Bank, N.A. as administrative agent, in connection with an amendment providing for a $1.5 billion revolving commitment increase under Fidelity National Information Services, Inc.’s (NYSE: FIS) existing revolving credit facility. The $5.5 billion revolving credit facility will be used after the effective date to, among other things, backstop FIS’s United States and European commercial paper programs, which will be used to finance a portion of the cash consideration for FIS’s 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.
The Davis Polk finance team included partner Jinsoo H. Kim and associates Yuko Sin and Emily Durling. All members of the Davis Polk team are based in the New York office.