Fiserv holds investor calls in U.S., Europe markets for possible multi-currency bond offering

By Cristal Cody

Tupelo, Miss., June 7 – Fiserv, Inc. (Baa2/BBB) is holding a roadshow in Europe in the week ahead after holding U.S. fixed income investor calls for a senior note offering that may be spread across dollar, euro and sterling denominations, according to market sources.

A deal size of $10 billion or more is forecast.

The multi-tranche senior note offering is expected to be registered with the U.S. Securities and Exchange Commission.

Citigroup Global Markets Inc., J.P. Morgan Securities LLC and Wells Fargo Securities LLC are the arrangers.

The company held investor calls in the U.S. market on Wednesday and plans to continue with investor meetings in Europe from June 11 to June 13.

Fiserv announced in January that it plans to acquire junk-rated First Data Corp. (Ba3/BB-) in an all-stock transaction valued at about $22.7 billion. The merger is scheduled to close before the end of the year.

Fiserv said it expects the combined company to retain investment-grade bond ratings following the acquisition.

The provider of financial services technology is based in Brookfield, Wis.

Atlanta-based First Data provides commerce-enabling technology that serves business locations and financial institutions in more than 100 countries.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.