Fidelity Natl Information Svcs - FIS STOCK NEWS

FIS has launched a groundbreaking student loan repayment program for U.S. college graduates hired through its University program. This initiative, the first in the financial services sector, aims to alleviate the $1.5 trillion student debt burden. After one year of employment, FIS will begin repaying principal loan balances, with full repayment expected after 10 years for those who remain with the company. Approximately 400 students are anticipated to join the program in 2021, reflecting FIS's commitment to investing in future leaders and addressing the financial challenges faced by graduates, particularly among minorities.

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.