Fiserv announces completion of tender offer
Brookfield, wis.--(business wire)--fiserv, inc. (nasdaq: fisv), the leading global provider of financial services technology solutions, announced today that its previously announced tender offer (the “tender offer”) to purchase for cash any and all of its $1.0 billion outstanding aggregate principal amount of 6.125% senior notes due 2012 (the “2012 notes”) expired at 5:00 p.m., new york city time, on june 13, 2011. if the conditions to the tender offer are satisfied or waived, the company will accept for purchase and make payment for all of the 2012 notes validly tendered and not validly withdrawn prior to the expiration of the tender offer, representing a total aggregate principal amount of approximately $699,802,000, tomorrow, june 14, 2011. the pricing information for the tender offer was calculated as of 2:00 p.m., new york city time, on june 13, 2011, and is summarized in the table below: the detailed methodology for calculating the total consideration for validly tendered 2012 notes is outlined in the company’s offer to purchase and related letter of transmittal, each dated june 6, 2011 (together, the “tender offer materials”), which are available from the information agent as set forth below. in addition to the total consideration, the company will also pay accrued and unpaid interest on the notes purchased from the last interest payment date up to, but not including, the settlement date in the amount of $4.08 per $1,000. bofa merrill lynch, citi and u.s. bancorp investments, inc. acted as the dealer managers for the tender offer. the depositary and information agent was global bondholder services corporation. questions regarding the tender offer may be directed to bofa merrill lynch, attn: debt advisory services, (888) 292-0070 (toll-free), (980) 388-9217 (collect), to citi, attn: liability management group, (800) 558-3745 (toll-free), (212) 723-6106 (collect), or to u.s. bancorp investments, inc., attn: debt capital markets, (877) 558-2607 (toll-free), (312) 325-2025 (collect). requests for the tender offer materials may be directed to global bondholder services corporation at 65 broadway, suite 404, new york, new york, 10006, (212) 430-3774 (for banks and brokers) or (866) 387-1500 (for all others). the company anticipates funding payment of the 2012 notes to be purchased pursuant to the tender offer with proceeds from its offering of $600 million of 3.125% senior notes due 2016 and $400 million of 4.750% senior notes due 2021, which is anticipated to be completed on june 14, 2011. the company anticipates giving notice of redemption for the remaining untendered 2012 notes at the make-whole redemption price to be determined in accordance with the terms of the 2012 notes. the anticipated redemption date for such 2012 notes is july 14, 2011. the company anticipates making the redemption only by, and pursuant to the terms of, the notice of optional redemption to be dated june 14, 2011. this press release does not constitute an offer to purchase securities or a solicitation of an offer to purchase any securities, nor does it constitute an offer or solicitation in any jurisdiction in which such offer or solicitation is unlawful. about fiserv fiserv, inc. (nasdaq: fisv) is the leading global provider of information management and electronic commerce systems for the financial services industry, driving innovation that transforms experiences for financial institutions and their customers. fiserv is ranked no. 1 on the fintech 100 survey of top technology partners to the financial services industry. for more information, visit www.fiserv.com. forward-looking statements this press release contains forward-looking statements. forward-looking statements include those that express a plan, belief, expectation, estimation, anticipation, intent, contingency, future development or similar expression, and can generally be identified as forward-looking because they include words such as “believes,” “anticipates,” “expects,” “could,” “should” or words of similar meaning. statements that describe the company’s objectives or goals are also forward-looking statements. forward-looking statements are subject to assumptions, risks and uncertainties that may cause actual results to differ materially from those contemplated by such forward-looking statements. the factors that may affect the company’s results include, among others: the impact on the company’s business of the current state of the economy, including the risk of reduction in revenue resulting from decreased spending on the products and services the company offers or from the elimination of existing or potential clients due to consolidation or financial failures in the financial services industry; legislative and regulatory actions in the united states, including the impact of the dodd-frank wall street reform and consumer protection act and related regulations, and internationally; changes in client demand for the company’s products or services; pricing or other actions by competitors; the impact of the company’s strategic initiatives; the company’s ability to comply with government regulations, including privacy regulations; and other factors identified in the company’s annual report on form 10-k for the year ended december 31, 2010 and in other documents that the company files with the sec. you should consider these factors carefully in evaluating forward-looking statements, and are cautioned not to place undue reliance on such statements which speak only as of the date of this document. the company assumes no obligation to update any forward-looking statements, which speak only as of the date of this press release.
