Amdocs Limited Announces the Pricing of a Senior Notes Offering

ST. LOUIS, June 17, 2020 (GLOBE NEWSWIRE) — Amdocs Limited (NASDAQ: DOX) (“Amdocs”) announced today that it has priced its previously announced offering (the “offering”) of $650 million aggregate principal amount of senior notes due 2030 (the “Notes”). The Notes will be sold to investors at a price of 100.000% of the principal amount thereof. The offering is expected to close on June 24, 2020, subject to customary closing conditions.
The Notes will bear interest at a rate of 2.538% per annum, payable semiannually on June 15 and December 15 of each year, commencing on December 15, 2020. The Notes will mature on June 15, 2030. The Issuer intends to use the net proceeds from the offering for general corporate purposes, including the repayment of indebtedness.J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and RBC Capital Markets, LLC are managing the offering as joint lead bookrunning managers, and additionally Citigroup Global Markets Inc., HSBC Securities (USA) Inc. and MUFG Securities Americas Inc. are acting as bookrunners for the offering.The offering of the Notes is being made pursuant to an effective shelf registration statement filed with the Securities and Exchange Commission (the “SEC”). The offering is being made only by means of a prospectus supplement and accompanying prospectus. A copy of the prospectus and prospectus supplement relating to the Notes are available on the SEC’s website at http://www.sec.gov and may also be obtained from J.P. Morgan Securities LLC, c/o J.P. Morgan Securities LLC, Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by telephone, at (866) 803-9204 or from Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, New York 10014 or from RBC Capital Markets, LLC, 200 Vesey Street, New York, New York 10281, Attention: Transaction Management Group, or by calling toll-free at 1-866-375-6829.This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the Notes in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.About AmdocsAmdocs Limited is a provider of software and services for more than 350 communications, Pay TV, entertainment and media industry service providers, and has 25,000 employees in 85 countries worldwide. Our cloud-native portfolio of digital solutions, platforms and services, which we develop, implement and manage, is designed to meet the business imperatives of our customers as they drive growth, transform and take their business to the cloud. Cautionary Statement About Forward-Looking StatementsThis news release contains “forward-looking statements” (within the meaning of the United States federal securities laws) and involve substantial risks and uncertainties. You can identify these forward-looking statements by words such as “expect,” “anticipate,” “believe,” “seek,” “estimate,” “project,” “forecast,” “continue,” “potential,” “should,” “would,” “could” and “may,” and other words that convey uncertainty of future events or outcome. Statements that we make in this news release that are not statements of historical fact also may be forward-looking statements. Forward-looking statements are not guarantees of future performance, and involve risks, uncertainties and assumptions that may cause our actual results to differ materially from the expectations that we describe in our forward-looking statements. There may be events in the future that we are not accurately able to predict, or over which we have no control. You should not place undue reliance on forward-looking statements. Although we may elect to update forward-looking statements in the future, we disclaim any obligation to do so, even if our assumptions and projections change, except where applicable law may otherwise require us to do so. Readers should not rely on those forward-looking statements as representing our views as of any date subsequent to the date of the filing of this news release.Important factors that may affect these projections or expectations include, but are not limited to: changes in the overall economy; the duration and severity of the COVID-19 (coronavirus) pandemic, and its impact on the global economy; changes in competition in markets in which we operate; changes in the demand for our products and services; consolidation within the industries in which our customers operate; the loss of a significant customer; changes in the telecommunications regulatory environment; changes in technology that impact both the markets we serve and the types of products and services we offer; financial difficulties of our customers; losses of key personnel; difficulties in completing or integrating acquisitions; litigation and regulatory proceedings; and acts of war or terrorism. For a discussion of these important factors and other risks, please read the information set forth under the caption “Risk Factors” in our Annual Report on Form 20-F for the fiscal year ended September 30, 2019 and  in our Report on Form 6-K dated May 18, 2020, in each case, filed with the U.S. Securities and Exchange Commission.Contacts:
Matthew Smith
Head of Investor Relations
Amdocs
Tel: +1 (314) 212-8328
E-mail: dox_info@amdocs.com
Linda Horiuchi
Amdocs Public Relations
Tel: +1 (646) 581-2568
E-mail: linda.horiuchi@amdocs.com