Shift4 Announces Closing of Offering of $450.0 Million of Senior Notes due 2026
29 Oktober 2020 - 1:00PM
Business Wire
Shift4 Payments, Inc. (NYSE: FOUR), a leading independent
provider of integrated payment processing and technology solutions,
today announced the completion of the previously announced offering
of $450.0 million aggregate principal amount of 4.625% senior notes
due 2026 (the “Notes”) by Shift4 Payments, LLC (“Shift4”) and
Shift4 Payments Finance Sub, Inc., subsidiaries of Shift4 Payments,
Inc. The Notes are guaranteed, jointly and severally, on a senior
unsecured basis, by certain of Shift4’s subsidiaries.
The net proceeds of the offering, together with cash on hand,
will be used to (i) repay all indebtedness outstanding under
Shift4’s 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 were offered in a private offering that was exempt
from the registration requirements of the Securities Act of 1933,
as amended (the “Securities Act”). The Notes were offered within
the United States to persons reasonably believed to be qualified
institutional buyers in accordance with Rule 144A and outside the
United States in accordance with 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 were made only by
means of a private offering memorandum.
About Shift4 Payments:
Shift4 Payments (NYSE: FOUR) is a leading provider of integrated
payment processing and technology solutions, delivering a complete
omnichannel 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 more information, visit
shift4.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20201029005014/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
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