New Issue: FIS upsizes to $700 million, prices 10-year notes at par to yield 5%

By Paul A. Harris

Portland, Ore., March 5 - Fidelity National Information Services, Inc. priced an upsized $700 million issue of 10-year senior notes (Ba2/BB+/BBB-) at par to yield 5% on Monday, according to a syndicate source.

The yield printed on top of price talk.

Bank of America Merrill Lynch, Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc., J.P. Morgan Securities LLC and Wells Fargo Securities LLC were the joint bookrunners for the quick-to-market issue, which was upsized from $500 million.

The company dedicated to banking and payment technologies plans to use the proceeds to repay debt.

Issuer:	Fidelity National Information Services, Inc.
Amount:	$700 million, increased from $500 million
Maturity:	March 15, 2022
Securities:	Senior notes
Bookrunners:	Bank of America Merrill Lynch, Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc., J.P. Morgan Securities LLC, Wells Fargo Securities LLC
Lead managers:	HSBC, RBS Securities Inc., SunTrust Robinson Humphrey, U.S. Bancorp
Co-managers:	BB&T Securities, BNP Paribas, Credit Agricole CIB Morgan Keegan, PNC Capital Markets
Coupon:	5%
Price:	Par
Yield:	5%
Call protection:	Make-whole call at Treasuries plus 50 bps until March 15, 2017, then callable at a premium
Equity clawback:	40% at 105 until March 15, 2015
Trade date:	March 5
Settlement date:	March 19
Ratings:	Moody's: Ba2
	Moody's: BB+
	Fitch: BBB-
Distribution:	Rule 144A with registration rights
Price talk:	5% area
Marketing:	Quick to market

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