FIS FIS, the world's largest provider of banking and payments
technology, today announced the completion of the amendment and extension of
its existing credit agreement.
The transaction resulted in the amendment of certain terms and conditions of
the credit agreement, including the release of collateral when investment
grade credit ratings are attained. The transaction also resulted in the
extension of a substantial portion of Term Loan A and revolving loan
maturities from 2014 to 2017 and a reduction in borrowing costs. There was no
material change to FIS' total leverage as a result of the amendment.
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