Fidelity national information services, fis announces the early tender results and increase of its pending maximum tender offer
Fidelity national information services, fis announced the early tender results of its previously announced cash tender offer (the “maximum tender offer”). fis also announced that it has increased the maximum tender offer amount from up to an aggregate maximum repurchase amount of $650,000,000 principal amount to $811,972,000 principal amount (such increased principal amount, the “aggregate maximum repurchase amount”) of its outstanding 5.000% senior notes due 2025 (the “2025 notes”), its outstanding 4.750% senior notes due 2048 (the “2048 notes”) and its outstanding 4.500% senior notes due 2046 (the “2046 notes” and, collectively with the 2025 notes and the 2048 notes, the “maximum tender offer notes”). the terms and conditions of the maximum tender offer are described in the offer to purchase, dated november 21, 2019 (the “offer to purchase”). the applicable total consideration for the maximum tender offer notes validly tendered and not validly withdrawn at or prior to the early tender date and accepted for purchase will be determined in the manner described in the offer to purchase at 10:00 a.m., new york city time, on december 6, 2019, unless extended or earlier terminated. the principal amount of each series of maximum tender offer notes listed in the table above ultimately accepted for purchase will be determined in accordance with the aggregate maximum repurchase amount and the acceptance priority levels set forth in the table above, in each case as further described in the offer to purchase. as a result, a holder who validly tenders maximum tender offer notes pursuant to the maximum tender offer may have all or a portion of its maximum tender offer notes returned to it, and the amount of maximum tender offer notes returned will depend on the overall level of participation of holders in the maximum tender offer and on the satisfaction or waiver of the conditions of the maximum tender offer. all maximum tender offer notes validly tendered and not validly withdrawn before the early tender date will be accepted for purchase. holders of maximum tender offer notes validly tendered and not validly withdrawn at or prior to the early tender date, if accepted for purchase, will be eligible to receive the total consideration, which includes an early tender payment of $30 per $1,000 principal amount of maximum tender offer notes validly tendered by such holders and accepted for purchase by fis. payments for maximum tender offer notes accepted for purchase will include accrued and unpaid interest from the last interest payment date applicable to the relevant series of maximum tender offer notes up to, but excluding, the applicable settlement date for such series of maximum tender offer notes accepted for purchase. it is anticipated that payment for the maximum tender offer notes that are validly tendered prior to or at the early tender date will be december 9, 2019. the maximum tender offer will expire at 11:59 p.m., new york city time, on december 19, 2019 (the “maximum tender expiration date”), unless extended or earlier terminated. because the maximum tender offer has been fully subscribed as of the early tender date, holders who tender maximum tender offer notes after the early tender date will not have any of their maximum tender offer notes accepted for purchase. any maximum tender offer notes tendered after the early tender date, together with any maximum tender offer notes tendered at or prior to the early tender date but not accepted for purchase by fis, will be returned to the holders thereof as described in the offer to purchase. the withdrawal deadline for the maximum tender offer was 5:00 p.m., new york city time, on december 5, 2019 and has not been extended. accordingly, previously tendered maximum tender offer notes and maximum tender offer notes tendered after such withdrawal deadline may not be withdrawn, subject to applicable law.
