S&C Advises Fiserv on Public Offerings of $3.75 Billion of Senior Notes

Fiserv recently completed the second of its two public offerings of senior unsecured notes this year, raising a total of $3.75 billion, with $1.75 billion raised in August and $2 billion raised in March.

The proceeds from the offerings are being used for general corporate purposes, including the repayment of Fiserv's 2.75% senior notes that matured in July, the repayment of a portion of the company's commercial paper notes and share repurchases. The notes were issued in various series with maturities ranging from three to ten years.

These offerings are the latest in S&C's ongoing support of Fiserv's financing activities, which dates back to the financing for Fiserv's $22 billion acquisition of First Data Corporation in July 2019. Since then, S&C has assisted Fiserv in raising more than $12.6 billion of debt securities and bank loan commitments.

Fiserv is a leading global provider of payments and financial services technology solutions, serving clients around the globe, including banks, credit unions, other financial institutions, corporate clients and merchants.

The S&C team advising Fiserv on these offerings included Neal McKnight, Ben Kent, Nick Baker and Dominick Gambino. Jameson Lloyd, Saul Brander and Xiaxia Wan advised on tax matters. Kirsten Rodger and trainee solicitor Guilherme Cardoso da Cunha advised on U.K.- and EU-law matters.