Fair Isaac Corporation (NYSE: FIC), the leading provider of decision management technology, announced completion of a private placement of $275 million of Senior Notes.
The Senior Notes were issued in four series with maturities ranging from 5 to 10 years. The Senior Notes’ weighted average interest rate is 6.8% and the weighted average maturity is 7.9 years. Fair Isaac plans to use the proceeds for refinancing of existing debt obligations. Proceeds may also be used for working capital and other general corporate purposes.