10.23%SPY 127.82 0.19%FRE 3.16 
2.77%
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JACKSONVILLE, Fla. - Fidelity National Information Services Inc., which provides technology services to financial institutions, said Friday noteholders will sell $400 million of senior notes of one of the company's subsidiaries.
| FIS | 22.16 |  -0.07 |
The subsidiary, Lender Processing Services Inc., is the new holding company for Fidelity National's lender processing operations.
Fidelity National intends to spin-off that business.
The company said the notes, due in 2016, will be issued by Lender Processing Services to Fidelity National in exchange for lender processing assets.
Fidelity National will then exchange the notes with selling noteholders for some of its existing bank debt.
The company said the selling noteholders will offer the notes for sale to qualified institutional buyers.
Fidelity National shares fell $2.05, or 4.9 percent, to close at $40.11.
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