Fiserv Files for €1 Billion Senior Notes Offering to Fund Debt Repurchase
Summary
Fiserv has filed for a two-part senior notes offering of up to 1 billion Euros, which is approximately $1.07 billion USD. This new debt issuance follows the company's earlier announcement today of a cash tender offer to repurchase $2.75 billion of its outstanding senior notes. The tender offer was explicitly contingent on the successful completion of a new financing, making this filing a direct execution of that capital structure management plan.
At the time of this announcement, FISV was trading at $49.45 on NASDAQ in the Finance sector, with a market capitalization of approximately $26.4B. The 52-week trading range was $47.37 to $177.36. This news item was assessed with neutral market sentiment and an importance score of 8 out of 10. Source: Reuters.