FIS · 10-Q · 2026Q2 · Full report
Acquisition Financing
Fidelity National Information Services, Inc. · 2026-08-04 · Importance 64 · Surprise 42 · In source text
FIS funded the cash portion of the Issuer Solutions Acquisition by drawing $7.7 billion under an $8.0 billion senior unsecured Term Facility on January 9, 2026. The company repaid and terminated that facility using proceeds from the March 10, 2026 senior-notes issuance, with remaining proceeds used to repay commercial-paper borrowings. Management expects higher future cash interest expense from the increased acquisition-related debt. The acquired Issuer Solutions Business was rebranded as FIS Total Issuing™ Solutions and included in the Banking Solutions segment.
Key facts
- On April 17, 2025, FIS entered into a Bridge Commitment Letter committing up to $8.0 billion aggregate principal for a 364-day senior unsecured bridge term loan facility to fund the Issuer Solutions Acquisition (subject to customary conditions). source
- On May 1, 2025, FIS entered into a Term Facility pursuant to which it could draw up to $8.0 billion of senior unsecured term loans to fund the Issuer Solutions Acquisition. source
- The Issuer Solutions Acquisition was funded through a combination of approximately $7.7 billion of new debt and the 2026 Worldpay Minority Interest Sale. source
- FIS used approximately $7,859 million of cash (net of cash acquired) for new acquisitions during the six months ended June 30, 2026 and $197 million for the six months ended June 30, 2025. source
- FIS funded the Issuer Solutions Acquisition through approximately $7.7 billion of new debt and proceeds from the 2026 Worldpay Minority Interest Sale source
- FIS funded the cash portion of the Issuer Solutions Acquisition by drawing $7.7 billion under the Term Facility on January 9, 2026. source
- The contingent consideration for the additional 2026 acquisitions has an aggregate potential amount ranging from $ to $ million and periodic payments, if any, occurring through the second quarter of 2033 source
- Charges under the Global Payments TSA are based on actual costs plus applicable fees and out-of-pocket expenses source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | realized | -17.8% | FIS used approximately $7,859 million of cash (net of cash acquired) for new acquisitions during the six months ended June 30, 2026 and… |
| liability | negative | realized | -17.5% | FIS funded the cash portion of the Issuer Solutions Acquisition by drawing $7.7 billion under the Term Facility on January 9, 2026. |
| liability | negative | committed | -15.4% | On April 17, 2025, FIS entered into a Bridge Commitment Letter committing up to $8.0 billion aggregate principal for a 364-day senior… |
| liability | negative | contingent | — | The contingent consideration for the additional 2026 acquisitions has an aggregate potential amount ranging from $ to $ million and… |
| cash | positive | probable | — | FIS expects to limit further investment in acquisitions to accelerate deleveraging until it returns to its target leverage ratio. |
| revenue | negative | probable | — | FIS expects to limit further investment in acquisitions to accelerate deleveraging until it returns to its target leverage ratio. |