Fiserv prices $750m senior note offering

Source: Fiserv

Fiserv (NASDAQ: FISV), the leading global provider of financial services technology solutions, announced today that it had priced a public offering of $750 million aggregate principal amount of senior notes consisting of the following:

* $300 million of senior notes that mature in 2015 and bear interest at a rate of 3.125%, and
* $450 million of senior notes that mature in 2020 and bear interest at a rate of 4.625%.

The offering is expected to close September 21, 2010, subject to customary closing conditions. Fiserv intends to use the net proceeds of the offering to fund a tender offer for up to $250 million of its 6.125% senior notes due 2012 and to use the remaining net proceeds to repay a portion of its outstanding borrowings under its term loan credit facility.

Credit Suisse, Wells Fargo Securities and SunTrust Robinson Humphrey are the joint book-running managers for the offering.

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