FIS Announces Offering of $400 million of Senior Notes of its Subsidiary, Lender...

FIS Announces Offering of $400 million of Senior Notes of its Subsidiary,
Lender Processing Services, Inc. by Certain Selling Noteholders

JACKSONVILLE, Fla., June 6 /PRNewswire-FirstCall/ -- Fidelity National
Information Services, Inc. (NYSE: FIS) today announced the offering by certain
selling securityholders of $400 million aggregate principal amount of senior
notes due 2016 (the "Notes") of FIS' subsidiary, Lender Processing Services,
Inc. ("LPS"). LPS is the new holding company for FIS' lender processing
operations, which, as previously announced, FIS intends to distribute to its
stockholders in a tax free spin-off. The notes will initially be issued by LPS
to FIS in exchange for the contribution of lender processing assets, and then
exchanged by FIS for certain of FIS' existing bank debt with the holders
thereof (the "Selling Noteholders"). The Selling Noteholders intend to offer
the Notes for sale to qualified institutional buyers pursuant to Rule 144A
under the Securities Act of 1933, as amended (the "Securities Act").
The notes to be offered have not been registered under the Securities Act
or applicable securities laws, and until so registered, may not be offered or
sold in the United States except pursuant to an exemption from, or in a
transaction not subject to, the registration requirements of the Securities
Act and applicable state securities laws.
This press release is not an offer to sell, nor a solicitation of an offer
to buy, securities, nor shall there be any sale of these securities in any
state or jurisdiction in which the offer, solicitation or sale would be
unlawful prior to registration or qualification under the securities laws of
such state or jurisdiction. Any offers of the securities will be made only by
means of a private offering memorandum. This press release is being issued
pursuant to and in accordance with Rule 135c under the Securities Act.
About Fidelity National Information Services
Fidelity National Information Services, Inc. (NYSE: FIS) is a leading
provider of core processing for financial institutions; card issuer and
transaction processing services; mortgage loan processing and mortgage-related
information products; and outsourcing services to financial institutions,
retailers, mortgage lenders and real estate professionals. FIS has processing
and technology relationships with 35 of the top 50 global banks, including
nine of the top 10. FIS is a member of Standard and Poor's (S&P) 500(R) Index
and has been ranked the number one overall financial technology provider in
the world by American Banker and the research firm Financial Insight in the
annual FinTech 100 rankings. Headquartered in Jacksonville, Fla., FIS
maintains a strong global presence, serving more than 13,000 financial
institutions in more than 80 countries worldwide. For more information on
Fidelity National Information Services, please visit
www.fidelityinfoservices.com .
About Lender Processing Services
Lender Processing Services, Inc. (LPS) is a leading provider of integrated
technology and services to the mortgage industry. LPS offers solutions that
span the mortgage continuum, including lead generation, origination,
servicing, portfolio retention and default, augmented by the company's
award-winning customer support and professional services. Approximately 50
percent of all U.S. mortgages are serviced using LPS' Mortgage Servicing
Package (MSP). In fact, many of the nation's top servicers rely on MSP,
including seven of the top 10 and 16 of the top 20. LPS also offers
proprietary mortgage and real estate data and analytics for the mortgage and
capital markets industries.
Forward-Looking Statements
This press release contains forward-looking statements that involve a
number of risks and uncertainties. Statements that are not historical facts,
including statements about our beliefs and expectations, are forward-looking
statements. Forward-looking statements are based on management's beliefs, as
well as assumptions made by, and information currently available to,
management. Because such statements are based on expectations as to future
economic performance and are not statements of fact, actual results may differ
materially from those projected. We undertake no obligation to update any
forward-looking statements, whether as a result of new information, future
events or otherwise. The risks and uncertainties which forward-looking
statements are subject to include, but are not limited to: risks associated
with the proposed spin-off of the Lender Processing Services (LPS) segment by
FIS, including the ability of FIS to contribute certain LPS assets and
liabilities to the entity to be spun off, the ability of LPS to obtain debt on
acceptable terms and exchange that debt with certain holders of the FIS debt,
obtaining government approvals, obtaining FIS Board of Directors approval,
market conditions for the spin-off, and the risk that the spin-off will not be
beneficial once accomplished, including as a result of unexpected
dis- synergies resulting from the separation or unfavorable reaction from
customers, rating agencies or other constituencies; changes in general
economic, business and political conditions, including changes in the
financial markets; the effects of our substantial leverage (both at FIS prior
to the spin-off and at the separate companies after the spin-off), which may
limit the funds available to make acquisitions and invest in our business; the
risks of reduction in revenue from the elimination of existing and potential
customers due to consolidation in the banking, retail and financial services
industries; failures to adapt our services to changes in technology or in the
marketplace; adverse changes in the level of real estate activity, which would
adversely affect certain of our businesses; our potential inability to find
suitable acquisition candidates or difficulties in integrating acquisitions;
significant competition that our operating subsidiaries face; the possibility
that our acquisition of EFD/eFunds may not be accretive to our earnings due to
undisclosed liabilities, management or integration issues, loss of customers,
the inability to achieve targeted cost savings, or other factors; and other
risks detailed in the "Statement Regarding Forward-Looking Information," "Risk
Factors" and other sections of the Company's Form 10-K and other filings with
the Securities and Exchange Commission.
SOURCE Fidelity National Information Services, Inc.

Investor contacts: Parag Bhansali, +1-904-854-8640, Lender Processing
Services; or Mary Waggoner, +1-904-854-3282, Fidelity National Information
Services