Fiserv, Inc. (FI) Signs New $8 Billion Revolving Credit Facility

Fiserv, Inc. (NYSE:FI) is among the 13 Best S&P 500 Stocks to Buy According to Wall Street Analysts. On August 12, the company announced that it had signed a new credit agreement with JPMorgan Chase Bank, with a maximum aggregate principal amount of $8 billion.

The move, replacing a previous agreement, will allow Fiserv, Inc. (NYSE:FI) to borrow, repay, and re-borrow in multiple currencies until 2030. It also features covenants for effective debt management. The new facility signifies strategic financial restructuring, as the company evolves its financial strategy and makes operational adjustments.

Under the credit agreement, Fiserv, Inc. (NYSE:FI) is required to limit its consolidated indebtedness to no more than 3.75 times its consolidated EBITDA at the end of each quarter. There is also a clause for the customary events of default, under which the administrative agent may terminate the lenders’ commitments and declare any outstanding obligations immediately payable and due.

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