FICO said it plans a private offering of USD 1 billion of senior notes due 2034. The senior unsecured notes are expected to be sold to qualified institutional buyers under Rule 144A and to non-U.S. investors under Regulation S. Proceeds are intended to repay borrowings under its revolving credit facility and redeem USD 400 million of 5.25% senior notes due 2026. FICO also said proceeds may be used for general corporate purposes, including share repurchases.
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