How come nobody is concerned about the massive debt at Fiserv? There is nearly $21b and a huge spike in interest rates that will ultimately catch up with FB. He made his FD career when interest rates were falling and can’t make margin targets despite hefty cuts in real estate and personnel. It’s a miste to stay and to be a shareholder - even Frank just sold millions of dollars of stock. Leave before the recession is so severe that you can’t replace your income.
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Debt ratio already under 3 so your notion is a nothing burger.
They'll just socialize the payment by refusing to raise employee salaries and withholding bonuses. I mean, the peasants. The elites will get their 20 million bonuses and a pat on the back for a job well done.
Long-term debt (in millions):
- 500% senior notes due October 2022
$700
- 375% senior notes due July 2023 (Euro-denominated)
$526
- 800% senior notes due October 2023
$1,000
- 750% senior notes due July 2024
$2,000
- 850% senior notes due June 2025
$900
- 250% senior notes due July 2025 (British Pound-denominated)
$640
- 200% senior notes due July 2026
$2,000
- 250% senior notes due June 2027
$1,000
- 125% senior notes due July 2027 (Euro-denominated)
$526
- 200% senior notes due October 2028
$1,000
- 500% senior notes due July 2029
$3,000
- 650% senior notes due June 2030
$1,000
- 625% senior notes due July 2030 (Euro-denominated)
$526
- 000% senior notes due July 2031 (British Pound-denominated)
$640
- 400% senior notes due July 2049
$2,000
Looks like Fiserv will need to pay or refinance about $2 billion before the end of 2023.
Then another $2 billion in 2024.
Then $1.5 billion in 2025.
So $5.5 billion in debt may be effected by higher interest rates over the next three years. It is not like all $21 billion will need to be refinanced at a higher rate all at the same time.
They can pay off the debt by using Fiserv's Goodwill.
As long as they pay me the severance they owe me IDGAF about their debt. Company can drown in it.
Fiserv debt doesn’t concern me at all.
I left of my own accord years ago.
When I did I sold off my stock. Money I make now on FISV is buying puts when it breaks over 100 to 105.
It’s much more relaxed than when I was working there putting up with traffic and the staff shortages.