FICO plans $1B debt raise to pay down line and 2026 bonds

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Fair Isaac Corporation (FICO) announced its intent to offer $1.0 billion in Senior Notes due 2034 through a private offering. The company plans to use the proceeds to repay outstanding debt under its revolving credit facility, redeem $400 million of its 5.25% Senior Notes due 2026, cover related expenses, and for general corporate purposes, including potential stock repurchases. This offering is exempt from registration under the Securities Act of 1933.

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