FICO closes $1.5 billion senior notes offering and new $1.0 billion credit facility
Fair Isaac Corporation closed a $1.5 billion private offering of 6.000% senior notes due 2033 on May 13, 2025, and entered a new $1.0 billion five-year unsecured revolving credit facility that refinances its existing revolver and term loans. The company plans to use the note proceeds mainly to repay existing debt, which adds long-term borrowing at a fixed 6.000% rate but does not change reported results in the filing.
Key points
- $1.5 billion of 6.000% senior notes due May 15, 2033, priced at 100% of principal, first interest payment November 15, 2025
- New $1.0 billion five-year unsecured revolving credit facility led by Wells Fargo as administrative agent
- Net proceeds to repay existing revolver and term loan debt, pay fees and expenses, and for general corporate purposes
- Credit agreement requires consolidated leverage ratio of no greater than 3.5 to 1.00, with a step-up to 4.00 to 1.00 after certain acquisitions
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:11 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 13, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.