Fair Isaac Corporation (FICO) has closed its private offering of $1.0 billion in aggregate principal amount of 6.250% Senior Notes, which are scheduled to mature in 2034. The company intends to use the net proceeds primarily for debt repayment, including the redemption of existing notes, and for general corporate purposes.
Key Details
- Offering Details: The offering consists of $1.0 billion in aggregate principal amount of 6.250% Senior Notes maturing on September 15, 2034.
- Use of Proceeds: Net proceeds will be used to repay certain indebtedness, fund the full redemption of its $400 million 5.25% Senior Notes due 2026, pay related fees, and for general corporate purposes, which may include stock repurchases.
- Note Terms: The notes are senior unsecured obligations. Interest will be paid semi-annually on March 15 and September 15, with the first payment scheduled for September 15, 2026.