JACKSONVILLE, Fla., June 20 /PRNewswire-FirstCall/ -- Fidelity National Information Services, Inc. (NYSE:FIS), a leading global provider of technology services to financial institutions, today announced that the Securities and Exchange Commission declared effective the registration statement on Form 10 of its subsidiary, Lender Processing Services, Inc. (NYSE Pending: LPS). The Form 10 reflects the terms of LPS's new financing arrangements, which are expected to become effective as of the time of its spin-off from FIS. These consist of $375 million of 8 1/8% Senior Notes due 2016, and a senior secured credit facility comprised of a $700 million, 5-year Term Loan A, a $510 million, 6-year Term Loan B and a $140 million revolving credit facility, each initially bearing interest at a floating rate equal to LIBOR plus 250 basis points. The obligations under the senior secured credit facility, which remains subject to final documentation, and the senior notes are each expected to be issued to FIS by LPS on the distribution date and will be exchanged by FIS with its existing lenders for approximately $1.585 billion of existing FIS Term B loans on the distribution date. Also today, FIS announced that it has received a private letter ruling from the Internal Revenue Service on the revised transaction structure for its spin-off of LPS. FIS previously received a private letter ruling on the spin-off from the IRS on April 14, 2008, but recently requested a new ruling as a result of a change in foreign tax law that required a change in some of the steps involved in separating the companies. FIS also announced today that, to better ensure the timely completion of the distribution and related financing arrangements, its Board of Directors has determined to change the distribution date for shares of LPS common stock to July 2, 2008, from July 1, 2008. As a result, the ex-distribution date will be July 3, 2008. The record date for the distribution remains June 24, 2008. FIS shareholders of record on the June 24, 2008 record date who subsequently sell their shares of FIS common stock through the July 2, 2008 distribution date will also be selling their rights to receive the distribution of LPS common stock. The Form 10, which includes an information statement that will be mailed to shareholders of FIS commencing in the next few days, is available through FIS's website at http://www.fidelityinfoservices.com/ and the SEC's website at http://www.sec.gov/. For additional information, registered shareholders should contact FIS's transfer agent Computershare Investor Services at 866-612-1841. Shareholders who hold their shares through a broker, bank, or other nominee, should contact their broker or bank directly. The distribution remains conditioned on the satisfactory completion of the new debt arrangements, the receipt of an opinion from FIS's tax advisors and the other conditions discussed in the Form 10. If these conditions are not met in a timely manner, the dividend distribution would not be effective. The Board of Directors has reserved the right to withdraw or change the declaration of the dividend at any time prior to the distribution. About Fidelity National Information Services Fidelity National Information Services, Inc. (NYSE:FIS) is a leading provider of core processing for financial institutions; card issuer and transaction processing services; mortgage loan processing and mortgage-related information products; and outsourcing services to financial institutions, retailers, mortgage lenders and real estate professionals. FIS has processing and technology relationships with 35 of the top 50 global banks, including nine of the top 10. FIS is a member of Standard and Poor's (S&P) 500(R) Index and has been ranked the number one overall financial technology provider in the world by American Banker and the research firm Financial Insight in the annual FinTech 100 rankings. Headquartered in Jacksonville, Fla., FIS maintains a strong global presence, serving more than 13,000 financial institutions in more than 80 countries worldwide. For more information on Fidelity National Information Services, please visit http://www.fidelityinfoservices.com/. About Lender Processing Services Lender Processing Services, Inc. (LPS) is a leading provider of integrated technology and services to the mortgage industry. LPS offers solutions that span the mortgage continuum, including lead generation, origination, servicing, portfolio retention and default, augmented by the company's award-winning customer support and professional services. Approximately 50 percent of all U.S. mortgages are serviced using LPS' Mortgage Servicing Package (MSP). In fact, many of the nation's top servicers rely on MSP, including seven of the top 10 and 16 of the top 20. LPS also offers proprietary mortgage and real estate data and analytics for the mortgage and capital markets industries. Forward-Looking Statements This press release contains forward-looking statements that involve a number of risks and uncertainties. Statements that are not historical facts, including statements about our beliefs and expectations, are forward-looking statements. Forward-looking statements are based on management's beliefs, as well as assumptions made by, and information currently available to, management. Because such statements are based on expectations as to future economic performance and are not statements of fact, actual results may differ materially from those projected. We undertake no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. The risks and uncertainties which forward-looking statements are subject to include, but are not limited to: risks associated with the proposed spin-off of the Lender Processing Services (LPS) segment by FIS, including the ability of FIS to contribute certain LPS assets and liabilities to the entity to be spun off, the ability of LPS to obtain debt on acceptable terms and exchange that debt with certain holders of the FIS debt, obtaining government approvals, obtaining FIS Board of Directors approval, market conditions for the spin-off, and the risk that the spin-off will not be beneficial once accomplished, including as a result of unexpected dis-synergies resulting from the separation or unfavorable reaction from customers, rating agencies or other constituencies; changes in general economic, business and political conditions, including changes in the financial markets; the effects of our substantial leverage (both at FIS prior to the spin-off and at the separate companies after the spin-off), which may limit the funds available to make acquisitions and invest in our business; the risks of reduction in revenue from the elimination of existing and potential customers due to consolidation in the banking, retail and financial services industries; failures to adapt our services to changes in technology or in the marketplace; adverse changes in the level of real estate activity, which would adversely affect certain of our businesses; our potential inability to find suitable acquisition candidates or difficulties in integrating acquisitions; significant competition that our operating subsidiaries face; the possibility that our acquisition of EFD/eFunds may not be accretive to our earnings due to undisclosed liabilities, management or integration issues, loss of customers, the inability to achieve targeted cost savings, or other factors; and other risks detailed in the "Statement Regarding Forward-Looking Information," "Risk Factors" and other sections of the Company's Form 10-K and other filings with the Securities and Exchange Commission. DATASOURCE: Fidelity National Information Services, Inc. CONTACT: Parag Bhansali, Lender Processing Services, +1-904-854-8640; or Mary Waggoner, Fidelity National Information Services, +1-904-854-3282 Web site: http://www.fidelityinfoservices.com/

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