Fair Isaac Corporation
Fair Isaac Corporation Announces Senior Notes Offering and Credit Agreement Amendment
Summary
Fair Isaac Corporation (FICO) announced a proposed private offering of $1.5 billion in Senior Notes due 2033, which will be used to repay certain existing indebtedness and for general corporate purposes. Concurrently, FICO is proposing to amend its existing unsecured revolving credit agreement to include a new $1.0 billion unsecured revolving credit facility maturing in 2030. The amendment aims to refinance existing debt, fund acquisitions, and allow for stock repurchases. Both the notes offering and the credit agreement amendment are subject to market conditions and the satisfaction of customary closing conditions.
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About Fair Isaac Corporation
Fair Isaac Corporation is a pioneering analytics company known for its Fair Isaac Credit Organization score, commonly referred to as the FICO score. This score plays an essential role in the financial services industry by assessing consumer credit risk, impacting sectors such as banking, insurance, and retail. The FICO score aids financial institutions in making informed lending decisions by quantifying a borrower's creditworthiness. Beyond credit scoring, Fair Isaac Corporation offers a range of data analytics, decision management and predictive analytics solutions designed to enhance business performance. Serving a global clientele, the company's tools are instrumental in reducing credit losses and fraud while optimizing customer interactions. Founded in 1956 with headquarters in Bozeman, Montana, Fair Isaac Corporation continues to hold significant market influence as it bridges the gap between data analytics and business decision-making processes.
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