Fiserv Announces Pricing of New Omaha's Share Offering

Strategic Insights -

Fiserv, a global provider of payments and financial services technology solutions, announced the pricing of New Omaha's share offering, which includes the sale of 5,000,000 shares of Fiserv's common stock by New Omaha Holdings L.P., an investment fund managed by Kohlberg Kravis Roberts & Co. L.P. The shares were priced at $100.00 per share, with the offering expected to close on August 21, 2020. KKR Capital Markets LLC acted as the sole bookrunner for the offering, with BTIG, LLC serving as the lead manager and settlement agent.

Key Takeaways:

  • Fiserv is not involved in the sale of shares and will not receive proceeds from the offering.
  • New Omaha will receive all net proceeds from the offering.
  • The sale includes 5,000,000 shares of Fiserv's common stock.
  • The offering is expected to close on August 21, 2020.
  • KKR Capital Markets LLC is acting as the sole bookrunner for the offering.
  • BTIG, LLC is acting as the lead manager and settlement agent for the offering.
  • 10 other firms are acting as co-managers, including Academy Securities, Inc., AmeriVet Securities, Inc., Bancroft Capital LLC, and others.
  • Fiserv filed an automatically effective shelf registration statement on September 20, 2018, with the SEC for the offering.
  • Investors should read the prospectus and other documents filed with the SEC for more information about Fiserv and the offering.

Statistics:

  • 5,000,000 shares of Fiserv's common stock are being sold by New Omaha Holdings L.P.
  • The shares were priced at $100.00 per share.
  • New Omaha will receive all net proceeds from the offering.
  • The selling price represents a 3.15% increase compared to the closing share price of $96.78 on August 18, 2020.

Sources:

  • Fiserv press release, dated August 18, 2020, available at https://www.businesswire.com/news/home/20200818005785/en/
  • Fiserv filed an automatically effective shelf registration statement, File No. 333-227436, on September 20, 2018, with the SEC.
  • About Fiserv, available at https://corporate.fiserv.com/about/press-center/news-releases/Pages/fiserv_2020_08_18.aspx
  • Fiserv's Quarterly Report on Form 10-Q for the three months ended June 30, 2020, available at http://www.sec.gov
  • Fiserv's Annual Report on Form 10-K for the year ended December 31, 2019, available at http://www.sec.gov