Fiserv prices $1.0 billion senior notes offering
Brookfield, wis.--(business wire)--fiserv, inc. (nasdaq: fisv), the leading global provider of financial services technology solutions, announced today that it had priced a public offering of $1.0 billion aggregate principal amount of senior notes consisting of the following: $600 million of senior notes that mature in 2016 and bear interest at a rate of 3.125%, and $400 million of senior notes that mature in 2021 and bear interest at a rate of 4.750%. the offering is expected to close june 14, 2011, subject to customary closing conditions. fiserv intends to use the net proceeds of the offering to fund a tender offer for any and all of its $1.0 billion aggregate principal amount of 6.125% senior notes due 2012 and to use any remaining net proceeds for general corporate purposes. j.p. morgan securities llc, merrill lynch, pierce, fenner & smith incorporated, mitsubishi ufj securities (usa), inc. and suntrust robinson humphrey, inc. are the joint book-running managers for the offering. the offering is being made only by means of a prospectus supplement and accompanying prospectus, which are part of a shelf registration statement fiserv filed with the securities and exchange commission, copies of which may be obtained from j.p. morgan securities llc by calling (212)-834-4533 or merrill lynch, pierce, fenner & smith incorporated by calling (800)-294-1322. an electronic copy of the prospectus and prospectus supplement is available from the securities and exchange commission’s website at www.sec.gov. this press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor will there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. 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. forward-looking statements this press release contains forward-looking statements within the meaning of the private securities litigation reform act of 1995. 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.