Certegy Announces Special Dividend Bridge Loan and Record Date
01 February 2006 - 8:04AM
PR Newswire (US)
ST. PETERSBURG, Fla., Jan. 31 /PRNewswire-FirstCall/ -- Certegy
Inc. (NYSE:CEY) announced today that in anticipation of its
proposed combination with Fidelity National Information Services,
Inc., a majority-owned subsidiary of Fidelity National Financial,
Inc. (NYSE:FNF), becoming effective at 12:01 a.m. tomorrow, Certegy
has closed a bridge loan in the amount of $250 million for the
purpose of funding the previously announced special cash dividend
of $3.75 per share. The special dividend will be paid, subject to
and conditional on the effectiveness of the combination with
Fidelity National Information Services, as soon as practicable
thereafter to Certegy holders of record as of the close of business
today. After the effective time of the transaction, Certegy will be
renamed "Fidelity National Information Services, Inc." and its
shares will trade under the ticker symbol 'FIS' on the New York
Stock Exchange. About Certegy Inc. Certegy Inc. (NYSE:CEY) provides
credit and debit processing, check risk management and check
cashing services, merchant processing and e-banking services to
over 6,000 financial institutions, 100,000 retailers and 100
million consumers worldwide. Headquartered in St. Petersburg,
Florida, Certegy maintains a strong global presence with operations
in the United States, United Kingdom, Ireland, France, Chile,
Brazil, Australia, New Zealand, Thailand and the Caribbean. As a
leading payment services provider, Certegy offers a comprehensive
range of transaction processing services, check risk management
solutions and integrated customer support programs that facilitate
the exchange of business and consumer payments. Certegy generated
over $1.1 billion in revenue in 2005. For more information on
Certegy, please visit http://www.certegy.com/. Forward-Looking
Statements The statements in this release include forward-looking
statements that are based on current expectations, assumptions,
estimates, and projections about Certegy and our industry.
Forward-looking statements are not guarantees of future performance
and are subject to risks and uncertainties, many of which are
outside of Certegy's control that may cause actual results to
differ significantly from what is expressed in those statements.
Factors that could, either individually or in the aggregate, affect
our performance include: our reliance on a small number of business
segments and strategic relationships; our ability to comply with
bankcard association rules and government regulations; the
sensitivity of our business to the economy; declines in check
writing; and other factors described in detail in the section
entitled "Certain Factors Affecting Forward-Looking Statements" in
our 2004 Annual Report on Form 10-K filed on March 11, 2005, with
the SEC. First Call Analyst: FCMN Contact: DATASOURCE: Certegy Inc.
CONTACT: Mary Waggoner, SVP - Investor Relations of Certegy Inc.,
+1-678-867-8004 Web site: http://www.certegy.com/
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