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425
FIDELITY NATIONAL INFORMATION SERVICES, INC. filed this Form 425 on 05/13/2019
Entire Document
 


Worldpay, Inc.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)

 

7. LONG-TERM DEBT

As of December 31, 2018 and 2017, the Company’s long-term debt consisted of the following (in millions):

 

     December 31,
2018
     December 31,
2017
 

Term A loan, maturing in January 2023(1)

   $ 3,271.1      $ 2,166.7  

Term A loan, maturing in January 2023(2)

     597.6        —    

Term A loan, maturing in October 2021(3)

     —          179.2  

Term B loan, maturing in October 2023(4)

     520.1        757.4  

Term B loan, maturing in August 2024(5)

     1,741.8        1,270.0  

Senior Unsecured Dollar Notes, maturing in November 2025(6)

     500.0        500.0  

Senior Unsecured Sterling Notes, maturing in November 2025(7)

     598.5        635.2  

Senior Unsecured Euro Note, maturing in November 2022(8)

     617.5        —    

Leasehold mortgage, expiring on August 10, 2021(9)

     10.0        10.1  

Revolving credit facility, expiring in January 2023(10)

     50.0        225.0  

Less: Current portion of notes payable

     (225.7      (107.9

Less: Original issue discount

     (6.2      (3.0

Less: Debt issuance costs

   $ (52.6    $ (46.3
  

 

 

    

 

 

 

Notes payable

   $ 7,622.1      $ 5,586.4  
  

 

 

    

 

 

 

 

(1) 

Interest at a variable base rate (LIBOR) plus a spread rate (150 basis points) (total rate of 3.94% at December 31, 2018) and amortizing on a basis of 1.25% per quarter during each of the first twelve quarters (June 2018 through March 2021), 1.875% per quarter during the next four quarters (June 2021 through March 2022) and 2.50% per quarter during the next three quarters (June 2022 through December 2022) with a balloon payment due at maturity.

(2) 

£469 million principal outstanding, translated to U.S. dollars at the spot rate of 1.2734 U.S. dollars per Pound Sterling at December 31, 2018. Interest at a variable base rate (GBP LIBOR) plus a spread rate (150 basis points) (total rate of 2.23% at December 31, 2018) and amortizing on a basis of 1.25% per quarter during each of the first twelve quarters (June 2018 through March 2021), 1.875% per quarter during the next four quarters (June 2021 through March 2022) and 2.50% per quarter during the next three quarters (June 2022 through December 2022) with a balloon payment due at maturity.

(3) 

Outstanding principal balance paid down using the proceeds from the GBP Term Loan A financing as part of the June 22, 2018 amendment to the Existing Loan Agreement. See below for more details.

(4) 

Interest payable at a variable base rate (LIBOR) plus a spread rate (175 basis points) (total rate of 4.19% at December 31, 2018) and amortizing on a basis of 0.25% per quarter, with a balloon payment due at maturity.

(5) 

Interest payable at a variable base rate (LIBOR) plus a spread rate (175 basis points) (total rate of 4.19% at December 31, 2018) and amortizing on a basis of 0.25% per quarter, with a balloon payment due at maturity.

 

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