Fair Isaac Corporation (FICO) announced the pricing of $1.0 billion in 6.250% Senior Notes due 2034, with proceeds intended for debt repayment and general corporate purposes, including the redemption of existing 2018 Senior Notes.
Fair Isaac Corporation, known for its credit scoring and decision management technology, priced $1.0 billion in aggregate principal amount of its 6.250% Senior Notes due 2034. The notes were sold at 100% of their principal amount and constitute senior unsecured obligations of the company.
The net proceeds from this private offering are designated for several financial objectives. FICO plans to repay outstanding indebtedness under its existing unsecured revolving credit facility. Additionally, the funds will be used to fully redeem $400 million aggregate principal amount of its 5.25% Senior Notes due 2026, which were originally issued on May 8, 2018. Remaining proceeds will cover related fees and expenses, and be allocated for general corporate purposes, potentially including repurchases of common stock.
The sale of the notes is expected to close on March 20, 2026, pending customary closing conditions. This offering follows FICO’s conditional notice issued on March 11, 2026, regarding its intent to redeem the 2018 Senior Notes on March 26, 2026. This redemption is contingent upon the successful issuance of the new notes on terms and in an aggregate principal amount satisfactory to FICO.
The notes are being offered in a private placement, exempt from registration under the Securities Act of 1933. They are being sold to qualified institutional buyers under Rule 144A and to non-U.
S. persons outside the United States under Regulation S. The notes have not been registered under the Securities Act or any other jurisdiction’s securities laws and cannot be offered or sold in the U.
S. without registration or an applicable exemption.
