AI English summary of an SEC filing — figures as filed
Fiserv FISVFiserv entered into a new Credit Agreement on August 12, 2025 with JPMorgan Chase Bank, N.A. as administrative agent. The agreement provides for a senior unsecured multicurrency revolving credit facility maturing on August 12, 2030, with an initial maximum aggregate principal amount of availability of $8.0 billion.
Key points
AI summaryFiserv entered into a new Credit Agreement on August 12, 2025 with JPMorgan Chase Bank, N.A. as administrative agent. The agreement provides for a senior unsecured multicurrency revolving credit facility maturing on August 12, 2030, with an initial maximum aggregate principal amount of availability of $8.0 billion.
The company said it voluntarily terminated its existing Credit Agreement on June 16, 2022, concurrently with entering into the new agreement. The prior agreement provided for a multicurrency revolving credit facility in an aggregate principal amount of up to $6.0 billion, with $0 drawn as of August 12, 2025, and would have matured on June 16, 2027.
Fiserv said that as of August 12, 2025, $0 was drawn under the new agreement. For U.S. dollar borrowings, interest is charged at variable rates based on Term SOFR or the base rate, plus a specified margin based on the company's long-term debt rating. The company also pays a facility fee based on aggregate commitments, whether used or unused, which fluctuates based on its long-term debt rating.
The company said the new agreement requires it to limit its consolidated indebtedness as of the end of each fiscal quarter to no more than 3.75 times its consolidated EBITDA for the 4 fiscal quarters then ended. The company also said that if an event of default occurs and is continuing, the administrative agent may terminate the lenders' commitments and declare any outstanding obligations to be immediately due and payable.
Summary
AI-writtenAnalysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.
New $8.0 billion Revolving Credit Facility Entered Into
Fiserv entered into a new Credit Agreement on August 12, 2025 with JPMorgan Chase Bank, N.A. as administrative agent. The agreement provides for a senior unsecured multicurrency revolving credit facility maturing on August 12, 2030, with an initial maximum aggregate principal amount of availability of $8.0 billion.
Source · Based on the filing body and exhibits
Existing $6.0 billion Credit Facility Voluntarily Terminated
The company said it voluntarily terminated its existing Credit Agreement on June 16, 2022, concurrently with entering into the new agreement. The prior agreement provided for a multicurrency revolving credit facility in an aggregate principal amount of up to $6.0 billion, with $0 drawn as of August 12, 2025, and would have matured on June 16, 2027.
Source · Based on the filing body and exhibits
Borrowing Terms, Interest Rates and Fee Structure
Fiserv said that as of August 12, 2025, $0 was drawn under the new agreement. For U.S. dollar borrowings, interest is charged at variable rates based on Term SOFR or the base rate, plus a specified margin based on the company's long-term debt rating. The company also pays a facility fee based on aggregate commitments, whether used or unused, which fluctuates based on its long-term debt rating.
Source · Based on the filing body and exhibits
Leverage Covenant and Events of Default
The company said the new agreement requires it to limit its consolidated indebtedness as of the end of each fiscal quarter to no more than 3.75 times its consolidated EBITDA for the 4 fiscal quarters then ended. The company also said that if an event of default occurs and is continuing, the administrative agent may terminate the lenders' commitments and declare any outstanding obligations to be immediately due and payable.
Source · Based on the filing body and exhibits
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
Loading the filing text…