Fair Isaac (FICO) said late Wednesday it priced $1 billion of 6.25% senior notes due 2034 in a private offering.

Net proceeds will be used to repay debt under a revolving credit facility, to fully redeem $400 million of 5.25% senior notes due 2026, and for general corporate purposes, the company said.

The company said the offering is expected to be completed on March 20, subject to closing conditions.