Shift4 Payments Announces Senior Notes Offering
13 Oktober 2020 - 1:30PM
Business Wire
Shift4 Payments, Inc. (NYSE: FOUR), a leading independent
provider of integrated payment processing and technology solutions,
today announced that its subsidiaries, Shift4 Payments, LLC
(“Shift4”) and Shift4 Payments Finance Sub, Inc., are proposing to
offer $450.0 million aggregate principal amount of senior notes
(the “Notes”) in a private offering that is exempt from the
registration requirements of the Securities Act of 1933, as amended
(the “Securities Act”). The Notes will be guaranteed, jointly and
severally, on a senior unsecured basis, by certain of Shift4’s
subsidiaries.
Shift4 intends to use the net proceeds of the offering, together
with cash on hand, to (i) repay all indebtedness outstanding under
its first lien term loan facility (the “First Lien Term Loan
Facility”) and (ii) the remainder, if any, for general corporate
purposes. As of the date of this press release, the outstanding
aggregate principal amount of the First Lien Term Loan Facility is
$450.0 million.
The Notes have not been and will not be registered under the
Securities Act and have not and will not be offered or sold within
the United States or to U.S. persons, except to persons reasonably
believed to be qualified institutional buyers in reliance on the
exemption from registration provided by Rule 144A under the
Securities Act and to certain persons in offshore transactions in
reliance on Regulation S under the Securities Act.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy these securities, nor shall there
be any sale of these securities 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. Any offers of the Notes will be made only by
means of a private offering memorandum.
There can be no assurances that the offering of the Notes will
be completed as described herein or at all.
About Shift4 Payments: Shift4 Payments (NYSE: FOUR) is a
leading provider of integrated payment processing and technology
solutions, delivering a complete omni-channel ecosystem that
extends beyond payments to include a wide range of value-added
services. The company’s technologies help power over 350 software
providers in numerous industries, including hospitality, retail,
F&B, e-commerce, lodging, gaming, and many more. With over
7,000 sales partners, the company securely processed more than 3.5
billion transactions annually for over 200,000 businesses in 2019.
For additional information, visit shift4.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20201013005616/en/
Investor Relations: Sloan Bohlen 610.596.4475
investors@shift4.com
Media Contacts: James McCusker
jmccusker@soleburytrout.com
Nate Hirshberg Vice President, Marketing Shift4 Payments
nhirshberg@shift4.com
Shift4 Payments (NYSE:FOUR)
Historical Stock Chart
Von Jun 2024 bis Jul 2024
Shift4 Payments (NYSE:FOUR)
Historical Stock Chart
Von Jul 2023 bis Jul 2024