Business
FICO Announces Proposed Offering of $1.5 Billion in Senior Notes
BOZEMAN, Mont., May 08, 2025--Fair Isaac Corporation (NYSE: FICO) announced today that it intends to offer, subject to market and certain other conditions, $1.5 billion in aggregate principal amount of Senior Notes due 2033 (the "Notes") in a private offering that is exempt from registration under the Securities Act of 1933, as amended (the "Securities Act"). The Notes will be senior unsecured obligations of FICO.
About this update from Fair Isaac Corporation
[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":1800,"height":644,"url":"https://media.zenfs.com/en/business-wire.com/0740032f8f40bfec8073e9ba707b92bf"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/rqSxIsYH1xPu0_RAj8Fngw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTM0MztjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/0740032f8f40bfec8073e9ba707b92bf","width":960,"height":343},"lightbox":{"url":"https://s.yimg.com/ny/api/res/1.2/dJA4rFUfPcmCmsxIFe.YmA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTI0MDA7aD04NTg7Y2Y9d2VicA--/https://media.zenfs.com/en/business-wire.com/0740032f8f40bfec8073e9ba707b92bf","width":1200,"height":429}},"lazy":false},{"type":"text","content":"BOZEMAN, Mont., May 08, 2025--(BUSINESS WIRE)--Fair Isaac Corporation (NYSE: FICO) announced today that it intends to offer, subject to market and certain other conditions, $1.5 billion in aggregate principal amount of Senior Notes due 2033 (the "Notes") in a private offering that is exempt from registration under the Securities Act of 1933, as amended (the "Securities Act"). The Notes will be senior unsecured obligations of FICO.","length":454,"tagName":"p"},{"type":"text","content":"FICO intends to use the net proceeds from the offering of the Notes to repay certain indebtedness outstanding under its existing unsecured revolving credit facility and unsecured term loans, to pay related fees and expenses, and for general corporate purposes.","length":260,"tagName":"p"},{"type":"text","content":"The Notes will be offered and sold to persons reasonably believed to be qualified institutional buyers in reliance on the exemption from registration set forth in Rule 144A under the Securities Act and outside the United States to non-U.S. persons in reliance on the exemption from registration set forth in Regulation S under the Securities Act. The Notes have not been registered under the Securities Act or the securities laws of any other jurisdiction and may not be offered or sold in the United States absent registration or an applicable exemption from such registration requirements.","length":591,"tagName":"p"},{"type":"text","content":"This press release shall not constitute an offer to sell, or the solicitation of an offer to buy, any securities, nor shall there be any sales of the Not...