FICO prices $1 billion in senior notes due 2034

Fair Isaac Corporation (NYSE: FICO) priced $1 billion in aggregate principal amount of 6.250% Senior Notes due 2034 in a private offering. The notes were priced at 100% of their principal amount and represent senior unsecured obligations of the company.

FICO plans to use the net proceeds to repay debt under its existing unsecured revolving credit facility and to fund the full redemption of $400 million in 5.25% Senior Notes due 2026 that were issued in May 2018. The proceeds will also cover related fees and expenses and support general corporate purposes, which may include common stock repurchases.

The company expects to close the sale of the notes on March 20, 2026, subject to customary closing conditions. FICO previously provided conditional notice on March 11, 2026, of its intent to redeem the 2018 Senior Notes on March 26, 2026, contingent on the successful issuance of the new notes.

The notes are being sold to qualified institutional buyers under Rule 144A of the Securities Act of 1933 and to non-U.S. persons outside the United States under Regulation S. The notes have not been registered under the Securities Act.

This information is based on a company press release.

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