Fair Isaac Corporation (FICO), a New York Stock Exchange-listed pioneer in the use of predictive analytics and data science for the improvement of operational decisions, brought Faegre Drinker on as legal counsel to help close its $1.5 billion senior high yield notes offering. The company, known for its “FICO score,” a measure of consumer credit risk, plans to use the proceeds of the high yield offering to repay FICO’s obligations under its existing credit facility. Concurrent with the high yield notes offering, FICO executed a new $1.0 billion syndicated five-year revolving credit facility.
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