Shift4 Payments, Inc. announced the pricing of a €435 million tack-on offering of senior notes due 2033.
The offering includes €435 million aggregate principal amount of 5.500% senior notes due 2033, issued as additional securities under an existing Indenture.
The net proceeds of the offering will be used for general corporate purposes, including debt repayment, strategic acquisitions, growth initiatives, and potential share repurchases.
Offering Details
€435 million aggregate principal amount of 5.500% senior notes due 2033 priced at 102.50% issue price.
Use of Proceeds
Intended for general corporate purposes, debt repayment, acquisitions, growth initiatives, and potential share repurchases.
Guarantees
The New Notes will be guaranteed on a senior unsecured basis by certain subsidiaries of Shift4 Payments.
- This offering strengthens Shift4 Payments' financial position and provides flexibility for future strategic moves.
- The terms of the offering reflect confidence in Shift4's growth prospects and ability to leverage opportunities in the payments industry.
Shift4 Payments' successful pricing of the tack-on offering demonstrates investor confidence in the company's future and strategic plans.