Source: Fiserv
Fiserv (NASDAQ:FISV), a leading provider of technology solutions, announced today that it plans to offer two series of Senior Notes that will mature in 2012 and 2017.
The offering will be made pursuant to a shelf registration statement and is expected to close during the week of November 19, 2007. The Senior Notes have been assigned ratings of Baa2 with a stable outlook by Moody's Investors Service, Inc. and BBB with a negative outlook by Standard & Poor's Ratings Service.
Fiserv plans to use the net proceeds of the offering to pay a portion of the $4.4 billion purchase price for CheckFree Corporation. Fiserv may also use a portion of the proceeds from the offering initially to repay a portion of the debt under its revolving credit facility.
Credit Suisse, Wachovia Securities and JPMorgan will act as joint book-running managers for the offering.