Fiserv Launches $2.75B Tender Offers for 5.150% 2027, 4.400% 2049 Notes
FISV•Fiserv commenced cash tender offers to repurchase $750 million of its 5.150% senior notes due 2027 and $2.0 billion of its 4.400% senior notes due 2049, with consideration based on fixed spreads of 5 bps and 108 bps over corresponding U.S. Treasuries plus accrued interest. Settlement is expected on June 26, 2026, subject to financing conditions.
1. Tender Offer Details
Fiserv launched cash tender offers for its 5.150% senior notes due 2027 ($750 million outstanding) with a 5 bps spread over the 4.000% U.S. Treasury due May 2028, and for its 4.400% senior notes due 2049 ($2.0 billion outstanding) with a 108 bps spread over the 5.000% U.S. Treasury due May 2046. Holders accepted by the expiration date will receive the calculated cash consideration per $1,000 principal plus accrued interest.
2. Settlement and Financing Condition
The tender offers expire at 5:00 p.m. New York time on June 23, 2026, with settlement expected on June 26, 2026. Fiserv’s obligation to accept and pay for the tendered notes is contingent on receiving proceeds from a planned issuance of new euro-denominated senior notes.
