2026-03-20 21:28:16
Fair Isaac Corporation Closes $1 Billion Senior Notes Offering at 6.250% Due 2034
Expected Stock impact: Noticeably Positive
On March 20, 2026, Fair Isaac Corporation (the "Company") successfully closed its previously announced private offering of $1.0 billion aggregate principal amount of 6.250% Senior Notes due 2034 (the "Notes"). The issuance of these Notes was executed under an Indenture dated the same day, with U.S. Bank Trust Company, National Association serving as the trustee. The Company plans to utilize the net proceeds from this offering primarily to repay certain existing indebtedness, including the full redemption of $400 million of its 5.25% Senior Notes due 2026, and for general corporate purposes, which may include stock repurchases. The Notes will accrue interest at a rate of 6.250% per annum, with interest payments scheduled semi-annually on March 15 and September 15, starting September 15, 2026. The maturity date for the Notes is set for September 15, 2034. The Company retains the option to redeem the Notes prior to March 15, 2029, under specific conditions outlined in the Indenture. This offering is expected to enhance the Company's liquidity position and provide flexibility for future financial strategies.
