After the completion of the acquisition, FIS announced the conclusion of a institutional private placement di 50 million euros of aggregate principal in the form of Sustainability-Linked Senior Secured Floating Rate Notes, maturing in August 2027 (the “New Notes”). These New Notes offer interest calculated on the three-month Euribor rate, with a floor of 0%, plus 5,50% per annum, with a quarterly reset.
The issuance of the New Notes is governed by an indenture dated 10 February 2022 (the “Indenture”), which has been previously established for the issue of the Issuer’s current Sustainability-Linked Senior Secured Rate Notes, valued at 350,0 .2027 million euros and with maturity set for August XNUMX (the “Existing Notes” and, together with the New Notes, the “Notes”). It should be noted that New Notes are not interchangeable with existing Notes.
The New Notes were listed and traded on the Vienna MTF, managed by the Vienna Stock Exchange, with effect from the date of submission of the document.
It is expected that the Issuer will use the gross proceeds of the New Notes, together with the liquidity on its balance sheet, including funds arising from the Capital Contribution, for two main purposes:
- repay all outstanding amounts drawn from the Issuer’s existing Revolving Credit Facility and to settle certain other debts of the Issuer
- cover certain fees and expenses related to such transactions
In connection with the issuance of the Notes, the Issuer has also increased its total commitments under its Revolving Credit Facility from €50 million to €80 million.
