Welcome to our dedicated page for Fidelity National Information Services news (Ticker: FIS), a resource for investors and traders seeking the latest updates and insights on Fidelity National Information Services stock.
Fidelity National Information Services, Inc. (FIS) is a global leader at the heart of commerce and financial transactions, powering the world's economy. With a mission to advance the way the world pays, banks, and invests, FIS serves over 20,000 clients and more than one million merchant locations across 130 countries.
FIS offers a comprehensive suite of solutions that span across core processing, payments, risk management, compliance, and outsourcing services. Its clientele includes banks, investment firms, and merchants. By acquiring SunGard in 2015, FIS expanded its capabilities to include record-keeping and other essential services for investment firms. The 2019 acquisition of Worldpay marked FIS's significant entry into the payment processing market, securing leading positions in both the United States and the United Kingdom.
Though FIS has since sold a majority interest in Worldpay, retaining only a minority stake, the company continues to innovate and adapt. Recent achievements include advancements in digital payments and enhanced security measures, enabling seamless and secure financial transactions.
FIS's financial condition remains robust, supported by strategic partnerships and a diversified portfolio of products. Their ongoing projects focus on improving transaction efficiency, enhancing customer experience, and expanding their global footprint. For more information, visit FIS Global.
Fidelity National Information Services (FIS) has announced the pricing terms for its cash tender offer, targeting a maximum repurchase of $566.96 million in various senior notes. The notes included in this offer are due in 2027, 2028, 2029, and 2046. As of March 8, 2021, significant amounts of these senior notes have been tendered, and the Total Consideration for each series will be paid on March 10, 2021. The Maximum Tender Offer expires on March 22, 2021, and will not accept notes tendered after the early tender date.
Fidelity National Information Services (FIS) announced early tender results for its cash tender offer, increasing the maximum repurchase amount from $500 million to approximately $566.96 million. This offer targets its outstanding senior notes due from 2027 to 2046. As of the Early Tender Date, significant amounts of multiple series of notes were validly tendered and accepted. The Maximum Tender Offer will close on March 22, 2021, unless extended. Holders of the notes accepted will receive Total Consideration, including an Early Tender Payment of $50 per $1,000 of notes.
Fidelity National Information Services (FIS) announced the expiration of its cash tender offer for several outstanding senior notes, including Floating Rate Notes and Senior Notes due 2021, 2023, 2024, 2025, and 2026. The offer closed on March 2, 2021, with valid tenders reported. Total principal amounts tendered include €54.26 million for the 2021 Floating Rate Notes and $334.10 million for the 2023 Notes. FIS will fund the purchase using proceeds from a recent notes offering and will pay for the accepted tendered notes on March 3, 2021.
Fidelity National Information Services (FIS) has announced the pricing terms for its cash tender offer for various outstanding senior notes, including those due in 2021, 2023, 2024, 2025, and 2026. The Any and All Tender Offer will expire on March 2, 2021, and includes notes valued at approximately €500 million and $2.6 billion across multiple currencies. The total consideration, fixed spreads, and reference yields for each series are detailed in the accompanying table. FIS emphasizes that any tendered notes may be withdrawn before the offer's expiration.
The Global Payments Report from FIS highlights significant shifts in payment preferences due to the pandemic. Mobile wallets surpassed cash for the first time in 2020, with cash use dropping to 20% of in-store payments globally. eCommerce spending surged 19% to $4.6 trillion, with projections of $7.3 trillion by 2024. Digital wallets are expected to account for over half of eCommerce transactions by the same year. The report emphasizes the need for businesses to adapt to these changing consumer behaviors to capitalize on growth opportunities.
Fidelity National Information Services (FIS) announced the pricing of a multi-tranche offering of senior notes totaling $5.25 billion. The notes include various maturities with interest rates ranging from 0.375% to 3.100%. FIS plans to use the net proceeds for purchasing outstanding senior notes and general corporate purposes, including refinancing debt and repaying borrowings. The offering is expected to close on March 2, 2021, pending customary conditions.
Fidelity National Information Services (FIS) announced plans for a multi-tranche offering of senior notes in U.S. dollars. The net proceeds will first be used to purchase certain outstanding senior notes through cash tender offers. Remaining funds are earmarked for general corporate purposes, potentially refinancing debt maturities or repaying borrowings. FIS may temporarily invest unallocated funds in investment-grade securities or money-market accounts. J.P. Morgan, Barclays, Goldman Sachs, Citigroup, and U.S. Bancorp are joint book-running managers for this offering.
Fidelity National Information Services (FIS) is initiating tender offers for its outstanding senior notes. The offers include:
- Any and all outstanding notes totaling approximately €500 million and $700 million.
- Up to $500 million in repurchases of selected notes, including 4.250% Senior Notes due 2028.
The Expiration Dates for the offers are March 2, 2021, for the Any and All Tender Offer and March 22, 2021, for the Maximum Tender Offer. The Total Consideration for accepted Securities will be determined based on a fixed spread plus the applicable yield to maturity.
FIS (NYSE: FIS) will present at several upcoming financial conferences, including the KBW Fintech Payments Conference on February 25, 2021, at 1:00 PM EST, the Evercore ISI Payments & Fintech Innovators Forum on March 4, 2021, at 3:30 PM EST, and the Wolfe Research Virtual Fintech Forum on March 9, 2021, at 11:20 AM EST.
Live audio webcasts and replays will be available on the Investor Relations section of FIS's website. FIS is a global leader in financial technology, enhancing payment, banking, and investment services.
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