debt
confidence high
sentiment neutral
materiality 0.60
FICO launches $1.0B senior notes offering due 2034 to refinance debt and fund buybacks
FAIR ISAAC CORP
- Offering $1.0B aggregate principal of Senior Notes due 2034 in private placement under Rule 144A/Reg S.
- Proceeds to repay revolving credit facility, redeem $400M of 5.25% Senior Notes due 2026, and fund stock repurchases.
- Redemption of 2018 notes conditional on successful issuance; planned for March 26, 2026.
- Notes are senior unsecured obligations; offering exempt from registration under Securities Act.