Fiserv Funding Unlimited Company, an indirect Irish subsidiary of Fiserv, Inc., completed a public offering of €2.175 billion of senior unsecured notes.
The net proceeds from the offering will be used for general corporate purposes, including the repayment of Fiserv’s commercial paper notes, Fiserv’s 3.85% senior notes due June 2025 and Fiserv’s 2.25% senior notes due July 2025. The senior notes were issued in three series with maturities of three, seven and 11 years.
This offering is 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 $14 billion of debt securities and bank loan commitments, including $3.75 billion in two public offerings of senior unsecured notes in March and August 2024.
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 the senior notes offering included Neal McKnight, Ben Kent, Nick Baker and Ross Weiser. Jameson Lloyd, Saul Brander and Theodore Danielson advised on tax matters. Vanessa Blackmore, Siddhant Iyer, Ruby Avison and Alex Goulding advised on UK- and EU-law matters.