Fiserv Inc. Issues $2 Billion in Senior Notes

TL;DR

Fiserv just dropped $2B in new debt. 4.5% for 2031, 5% for 2034.

AI Summary

On March 4, 2024, Fiserv Inc. entered into a material definitive agreement related to the issuance of senior notes. The company is issuing $1.25 billion in aggregate principal amount of 4.500% senior notes due 2031 and $750 million in aggregate principal amount of 5.000% senior notes due 2034. This transaction creates a direct financial obligation for the company.

Why It Matters

This issuance of senior notes represents a significant debt financing for Fiserv, impacting its capital structure and future financial obligations.

Risk Assessment

Risk Level: medium — Issuing a substantial amount of debt increases financial leverage and interest expense, which can pose risks if the company's performance falters.

Key Numbers

• $2.0 billion — Total Senior Notes Issued (Aggregate principal amount of 4.500% senior notes due 2031 and 5.000% senior notes due 2034.)
• 4.500% — Interest Rate on 2031 Notes (Coupon rate for the senior notes due 2031.)
• 5.000% — Interest Rate on 2034 Notes (Coupon rate for the senior notes due 2034.)

Key Players & Entities

• Fiserv Inc. (company) — Registrant
• March 4, 2024 (date) — Date of earliest event reported
• $1.25 billion (dollar_amount) — Principal amount of 4.500% senior notes due 2031
• $750 million (dollar_amount) — Principal amount of 5.000% senior notes due 2034

FAQ

Key Financial Figures

• $0.01 — ich registered Common Stock, par value $0.01 per share FI The New York Stock Exc
• $750,000,000 — ted the public offering and issuance of $750,000,000 aggregate principal amount of its 5.150
• $500,000,000 — nior Notes due 2027 (the "2027 Notes"), $500,000,000 aggregate principal amount of its 5.350

Filing Documents

• d20683d8k.htm (8-K) — 45KB
• d20683dex41.htm (EX-4.1) — 200KB
• d20683dex42.htm (EX-4.2) — 199KB
• d20683dex43.htm (EX-4.3) — 201KB
• d20683dex51.htm (EX-5.1) — 6KB
• d20683dex52.htm (EX-5.2) — 6KB
• 0001193125-24-058013.txt ( ) — 984KB
• fi-20240304.xsd (EX-101.SCH) — 5KB
• fi-20240304_def.xml (EX-101.DEF) — 14KB
• fi-20240304_lab.xml (EX-101.LAB) — 24KB
• fi-20240304_pre.xml (EX-101.PRE) — 15KB
• d20683d8k_htm.xml (XML) — 10KB

01

Item 1.01 . Entry into a Material Definitive Agreement . Closing of U.S Dollar Notes Offering General Information On March 4, 2024, Fiserv, Inc. (the "Company") completed the public offering and issuance of $750,000,000 aggregate principal amount of its 5.150% Senior Notes due 2027 (the "2027 Notes"), $500,000,000 aggregate principal amount of its 5.350% Senior Notes due 2031 (the "2031 Notes") and $750,000,000 aggregate principal amount of its 5.450% Senior Notes due 2034 (the "2034 Notes" and, together with the 2027 Notes and the 2031 Notes, the "Notes"). The Notes were issued under an Indenture (the "Indenture"), dated as of November 20, 2007, between the Company and U.S. Bank Trust Company, National Association (as successor in interest to U.S. Bank National Association), as trustee (the "Trustee"), as supplemented by (i) a Thirty-Second Supplemental Indenture, establishing the terms and providing for the issuance of the 2027 Notes (the "2027 Notes Supplemental Indenture"), (ii) a Thirty-Third Supplemental Indenture, establishing the terms and providing for the issuance of the 2031 Notes (the "2031 Notes Supplemental Indenture") and (iii) a Thirty-Fourth Supplemental Indenture, establishing the terms and providing for the issuance of the 2034 Notes (the "2034 Notes Supplemental Indenture"), each dated as of March 4, 2024 and each by and between the Company and the Trustee. Interest Rate and Maturity The 2027 Notes Supplemental Indenture and the form of the 2027 Notes that is included therein provide, among other things, that the 2027 Notes bear interest at a rate of 5.150% per year (payable semi-annually in arrears on March 15 and September 15 of each year, beginning on September 15, 2024) and will mature on March 15, 2027. The 2031 Notes Supplemental Indenture and the form of the 2031 Notes that is included therein provide, among other things, that the 2031 Notes bear interest at a rate of 5.350% per year (payable semi-annually in arrears on Marc

03

Item 2.03 . Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant . The information provided in Item 1.01 of this Current Report on Form 8-K is incorporated herein by reference into this Item 2.03.

01

Item 8.01 . Other Events . The Notes are registered under the Securities Act of 1933, as amended, pursuant to a Registration Statement on Form S-3 (Registration No. 333-277241) that the Company filed with the Securities and Exchange Commission on February 22, 2024. The Company is filing certain exhibits as part of this Current Report on Form 8-K for purposes of such Registration Statement. See "Item 9.01. Financial Statements and Exhibits."

Financial Statements and Exhibits

Financial Statements and Exhibits . (d) Exhibits . The following exhibits are being filed herewith: Exhibit Index to Current Report on Form 8-K Exhibit Number Description 4.1 Thirty-Second Supplemental Indenture, dated as of March 4, 2024, between Fiserv, Inc. and U.S. Bank Trust Company, National Association (including Form of 5.150% Senior Notes due 2027). 4.2 Thirty-Third Supplemental Indenture, dated as of March 4, 2024, between Fiserv, Inc. and U.S. Bank Trust Company, National Association (including Form of 5.350% Senior Notes due 2031). 4.3 Thirty-Fourth Supplemental Indenture, dated as of March 4, 2024, between Fiserv, Inc. and U.S. Bank Trust Company, National Association (including Form of 5.450% Senior Notes due 2034). 5.1 Opinion of Sullivan & Cromwell LLP. 5.2 Opinion of Eric Nelson, General Counsel of Fiserv, Inc. 23.1 Consent of Sullivan & Cromwell LLP (included in Exhibit 5.1). 23.2 Consent of Eric Nelson, General Counsel of Fiserv, Inc. (included in Exhibit 5.2). SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. FISERV, INC. Date: March 4, 2024 By: /s/ Robert W. Hau Robert W. Hau Chief Financial Officer

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