Fair Isaac Corporation
Fair Isaac Corp. Refinances Credit Facility and Offers Senior Notes
Summary
On May 13, 2025, Fair Isaac Corporation (FICO) announced the pricing of $1.5 billion aggregate principal amount of 6.000% Senior Notes due 2033. The company also entered into a Third Amended and Restated Credit Agreement to refinance its existing unsecured revolving credit facility and term loans with a $1.0 billion unsecured revolving credit facility. The Credit Facility has a five-year term and may be used for various corporate purposes including debt refinancing, acquisitions, and stock repurchases. The interest rates on the Credit Facility are based on various benchmarks plus applicable margins. The company plans to use the net proceeds from the Notes offering to repay existing debt, cover related fees and expenses, and for general corporate purposes. The Notes were issued in a private offering and have not been registered under the Securities Act of 1933.
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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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