Fiserv Gets Deal Credit Line

Published December 03, 2007, 2:00 a.m. EST

Updated November 30, 2007, 8:24 p.m. EST

1 Min Read

Fiserv Inc. has lined up a $450 million credit line to help finance its purchase of CheckFree Corp.

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In a regulatory filing Thursday, the Brookfield, Wis., financial technology vendor said it could draw on the 364-day revolving credit line only if it completes the acquisition and fully draws the credit available under its existing revolving credit facility.

Earlier last month Fiserv issued $1.75 billion of bonds to finance a portion of the CheckFree deal.

Fiserv announced its $4.4 billion deal for CheckFree of Atlanta in August. It is expected to close by yearend.

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