8-KMaterial AgreementsExhibits & Filings

GLOBAL PAYMENTS INC 8-K Report, Material Agreement (Mar 9, 2023)

Filed March 9, 2023For Securities:GPN

Summary

GLOBAL PAYMENTS INC (GPN) announced on March 9, 2023, that it has entered into an Underwriting Agreement to sell €800,000,000 aggregate principal amount of its 4.875% Senior Notes due 2031 in a public offering. This offering is expected to close on March 17, 2023. The issuance of these senior notes, registered under the Securities Act of 1933, represents a capital raising activity by the company. Investors should note that this filing primarily concerns the definitive agreement for this debt issuance. The specific use of proceeds is not detailed within this 8-K, but such debt issuances are typically used for general corporate purposes, refinancing existing debt, or funding strategic initiatives. The terms of the notes, including interest rate and maturity date, are now publicly disclosed.

Key Highlights

  • 1Global Payments Inc. entered into an Underwriting Agreement on March 8, 2023, for a public offering of debt.
  • 2The company will issue €800,000,000 aggregate principal amount of 4.875% Senior Notes due 2031.
  • 3The public offering is expected to close on March 17, 2023, subject to customary closing conditions.
  • 4The senior notes are registered under the Securities Act of 1933 via a Form S-3 registration statement filed on August 8, 2022.
  • 5Key underwriters include Merrill Lynch International, J.P. Morgan Securities plc, and Barclays Bank PLC.
  • 6The Underwriting Agreement contains standard provisions including representations, warranties, indemnification, and termination clauses.

Frequently Asked Questions

This 8-K filing announces Global Payments Inc.'s entry into a material definitive agreement concerning the issuance of €800,000,000 of 4.875% Senior Notes due 2031 through a public offering.

The company is issuing €800,000,000 in aggregate principal amount of 4.875% Senior Notes with a maturity date in 2031. The offering is being conducted through a public sale under an Underwriting Agreement.

The offering is expected to close on March 17, 2023, provided that customary closing conditions are met.

More detailed information about the terms of the Notes will be described in the Company’s final prospectus supplement filed pursuant to Rule 424(b)(5) of the Securities Act. The Underwriting Agreement itself has also been filed as an exhibit to this report.