Shift4 Payments Announces Secondary Offering of Class A Common Stock
30 November 2020 - 10:05PM
Business Wire
Shift4 Payments, Inc. (“Shift4”) (NYSE:FOUR), a leading
independent provider of integrated payment processing and
technology solutions, today announced that certain selling
stockholders of Shift4 intend to offer 8,000,000 shares of Shift4’s
Class A common stock for sale in an underwritten public offering
(the “Secondary Offering”). The selling stockholders also intend to
grant the underwriters a 30-day option to purchase up to an
additional 1,200,000 shares of Shift4’s Class A common stock.
Shift4 is not selling any shares of Class A common stock in the
Secondary Offering, will not receive any proceeds from the sale of
shares by the selling stockholders and will not bear any offering
expenses.
Goldman Sachs & Co. LLC, Credit Suisse and Citigroup are
serving as joint active bookrunners.
A registration statement relating to the Secondary Offering has
been filed with the Securities and Exchange Commission but has not
yet become effective. The Secondary Offering will be made only by
means of a prospectus. These securities may not be sold nor may
offers to buy be accepted prior to the time when the registration
statement becomes effective. Copies of the preliminary prospectus,
when available, may be obtained from Goldman Sachs & Co. LLC,
Attn: Prospectus Department, 200 West Street, New York NY 10282
(Tel: 1-866-471-2526, email to Prospectus-ny@ny.email.gs.com, from
Credit Suisse Securities (USA) LLC, Attn: Prospectus Department,
6933 Louis Stephens Drive, Morrisville, North Carolina 27560 (Tel:
800-221-1037 or email to usa.prospectus@credit-suisse.com) or from
Citigroup Global Markets Inc., c/o Broadridge Financial Solutions,
1155 Long Island Avenue, Edgewood, NY 11717 (Tel: 800-831-9146 or
email to: Prospectus@citi.com).
Concurrently with the Secondary Offering, Shift4 is offering
$400.0 million aggregate principal amount of convertible 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”), to persons reasonably believed to be
qualified institutional buyers pursuant to Rule 144A under the
Securities Act. Shift4 also intends to grant the initial purchasers
of that offering an option to purchase up to an additional $60.0
million aggregate principal amount of the Notes. Nothing contained
herein shall constitute an offer to sell or the solicitation of an
offer to buy the Notes. The offering of Notes is not contingent
upon the Secondary Offering, and the Secondary Offering is not
contingent upon the offering of Notes.
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.
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 commerce-enabling
services. The company’s technologies help power over 350 software
providers in numerous industries, including hospitality, retail,
F&B, ecommerce, lodging, gaming, and many more. With over 7,000
sales partners, the company securely processed more than $200
billion in payments volume 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/20201130005909/en/
Investor Relations: Sloan Bohlen 610.596.4475
investors@shift4.com
Media: James McCusker jmccusker@soleburytrout.com
Nate Hirshberg Vice President, Marketing Shift4 Payments
nhirshberg@shift4.com
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