Exhibit 99.1
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Press Release | | ![LOGO](https://capedge.com/proxy/8-K/0001193125-18-278190/g596370snap-fiserv.jpg) |
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For more information contact: | | |
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Media Relations: Britt Zarling Vice President, Corporate Communications Fiserv, Inc. +1-414-526-3107 britt.zarling@fiserv.com | | Investor Relations: Tiffany Willis Vice President, Investor Relations Fiserv, Inc. +1-678-375-4643 tiffany.willis@fiserv.com |
Fiserv Commences Tender Offer for 4.625% Senior Notes Due 2020
Brookfield, Wis., September 20, 2018 – Fiserv, Inc. (NASDAQ: FISV) (the “Issuer”), a leading global provider of financial services technology solutions, announced today that it has commenced a cash tender offer for any and all of its outstanding 4.625% Senior Notes due 2020 (CUSIP No. 337738AJ7) (the “Notes”), on the terms and subject to the conditions set forth in the Offer to Purchase, dated as of the date hereof (the “Offer to Purchase”), the related Letter of Transmittal (the “Letter of Transmittal”), and the related Notice of Guaranteed Delivery attached to the Offer to Purchase (the “Notice of Guaranteed Delivery”). As of September 20, 2018, there were $450,000,000 aggregate principal amount of Notes outstanding. The tender offer is referred to herein as the “Offer.” The Offer to Purchase, the Letter of Transmittal and the Notice of Guaranteed Delivery are referred to herein collectively as the “Offer Documents.”
The consideration for each $1,000 principal amount of the Notes purchased pursuant to the Offer will be $1,028.92 (the “Tender Offer Consideration”). Holders must validly tender (and not validly withdraw) or deliver a properly completed and duly executed Notice of Guaranteed Delivery for their Notes at or before the Expiration Time (as defined below) in order to be eligible to receive the Tender Offer Consideration. In addition, holders whose Notes are purchased in the Offer will receive accrued and unpaid interest from the last interest payment date to, but not including, the Payment Date (as defined in the Offer to Purchase) for the Notes. The Issuer expects the Payment Date to occur on October 1, 2018.
The Offer will expire at 5:00 p.m., New York City time, on September 26, 2018 unless extended (such time and date, as it may be extended, the “Expiration Time”), or earlier terminated by the Issuer. The Notes tendered may be withdrawn at any time at or before the earlier of (i) the Expiration Time, and (ii) if the Offer is extended, the 10th business day after commencement of the Offer. Notes may also be validly withdrawn at any time after the 60th business day after commencement of the Offer if for any reason the Offer has not been consummated within 60 business days after commencement of the Offer.
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