Fiserv, Inc.FISV
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Fiserv is issuing €1B in senior notes to refinance higher-interest debt, reducing interest expense and improving financial flexibility.
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Digital Finance & Tokenization
Fiserv, Inc.Fiserv has filed to issue €1 billion of senior notes in two €500 million tranches, one due 2030 and the other due 2034, targeting European institutional and professional investors. S&P Global Ratings assigned a 'BBB' issue-level rating and expects the proceeds to fund a debt restructuring. The company simultaneously launched a tender offer to repurchase certain higher-interest dollar-denominated notes, including 2027 notes with a 5.150% rate and an outstanding balance of $750 million, and 2049 notes with a 4.400% rate and an outstanding balance of $2 billion. Fiserv is also pursuing an AI-driven transformation called Project Elevate, aiming to save $500 million in costs and boost margins by more than 200 basis points by 2029.
Fiserv, Inc.Fiserv is issuing €1B in senior notes to refinance higher-interest debt, reducing interest expense and improving financial flexibility.