8-KMaterial AgreementsFinancial EventsOther Events+1

GLOBAL PAYMENTS INC 8-K Report, Material Agreement (Mar 12, 2026)

Filed March 12, 2026For Securities:GPN

Summary

Global Payments Inc. (GPN) announced the successful completion of a public offering and issuance of $1 billion in aggregate principal amount of senior notes. This issuance comprises $500 million of 4.550% Senior Notes due 2028 and $500 million of 5.400% Senior Notes due 2033. The company intends to utilize the net proceeds from this offering to fully repay its 4.800% notes maturing in April 2026 and to reduce outstanding borrowings under its revolving credit facility. This strategic refinancing aims to manage the company's debt obligations effectively. The new notes are unsecured and unsubordinated, ranking equally with other outstanding unsecured and unsubordinated indebtedness of Global Payments. The offering was conducted under the company's existing shelf registration statement, indicating efficient capital market access. The terms include provisions for early redemption and repurchase in the event of a Change of Control Repurchase Event, with specific parameters outlined for each note series.

Key Highlights

  • 1Completion of a $1 billion public offering of senior notes, split equally between 2028 and 2033 maturities.
  • 2Issuance of $500 million in 4.550% Senior Notes due 2028.
  • 3Issuance of $500 million in 5.400% Senior Notes due 2033.
  • 4Net proceeds will be used to repay $500 million of 4.800% notes due April 2026 at maturity.
  • 5Remaining proceeds will be used to reduce borrowings under the company's revolving credit facility maturing in May 2030.
  • 6New notes are unsecured and unsubordinated, ranking equally with existing senior unsecured debt.
  • 7Offering was made under an effective shelf registration statement, indicating proactive capital management.

Frequently Asked Questions

The primary purpose of this debt issuance is to refinance Global Payments Inc.'s existing debt obligations. Specifically, the proceeds will be used to repay the company's 4.800% Senior Notes due April 2026 at maturity and to reduce outstanding borrowings under its revolving credit facility.

The new notes consist of $500 million of 4.550% Senior Notes due March 15, 2028, and $500 million of 5.400% Senior Notes due March 15, 2033.

The new Senior Notes are unsecured and unsubordinated indebtedness. They will rank equally in right of payment with all of Global Payments' other unsecured and unsubordinated indebtedness that is currently outstanding or may be issued in the future.

In the event of a Change of Control Repurchase Event, holders of the new notes will have the right to require Global Payments to repurchase their notes at a purchase price of 101% of the principal amount, plus accrued and unpaid interest. This repurchase right is subject to certain conditions and timing as defined in the indenture.