debt
confidence high
sentiment neutral
materiality 0.55
FICO announces $1.5B senior notes offering and plans $1.0B new revolver
FAIR ISAAC CORP
- Plans to offer $1.5B senior unsecured notes due 2033 in private placement.
- Net proceeds to repay existing credit facility and term loans, pay fees, and general corporate purposes.
- Also proposes new $1.0B unsecured revolving credit facility maturing in 2030.
- New revolver to replace existing credit agreement; no minimum interest coverage ratio.
- Notes offering not contingent on new revolver; both subject to market conditions.