debt
confidence high
sentiment neutral
materiality 0.50
FICO announces $500M private offering of 4.000% Senior Notes due 2028 to repay revolving credit facility
FAIR ISAAC CORP
- Plans to issue $500M aggregate principal amount of additional 4.000% Senior Notes due 2028 in a private offering.
- Notes are an add-on to the existing $350M of same series issued December 2019 and will be fungible.
- Net proceeds will be used to repay outstanding borrowings under its revolving credit facility and pay fees.
- Offering is exempt from registration under Rule 144A and Regulation S of the Securities Act.
- Notes will be senior unsecured obligations; closing subject to market conditions.