Shift4 Payments Announces Pricing of Secondary Offering of Class A Common Stock
03 Dezember 2020 - 12:30PM
Business Wire
Shift4 Payments, Inc. (“Shift4”) (NYSE: FOUR), a leading
independent provider of integrated payment processing and
technology solutions, today announced the pricing of the
underwritten public offering of 8,000,000 shares of Shift4’s Class
A common stock by certain selling stockholders (the “Secondary
Offering”), at a price to the public of $55.50 per share. The
underwriters will also have a 30-day option to purchase up to an
additional 1,200,000 shares of Shift4’s Class A common stock from
the selling stockholders. The Secondary Offering is expected to
close on December 7, 2020, subject to customary closing
conditions.
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 lead joint book-running managers. BofA Securities,
Morgan Stanley, RBC Capital Markets and Evercore ISI are acting as
joint book-running managers. Raymond James, Truist Securities,
Wolfe Capital Markets and Advisory, Citizens Capital Markets,
Scotiabank, TD Securities and Telsey Advisory Group are acting as
co-managers.
A registration statement relating to the Secondary Offering was
declared effective by the Securities and Exchange Commission on
December 2, 2020. The Secondary Offering is being made only by
means of a prospectus. Copies of the final prospectus relating to
the Secondary Offering, 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, c/o Broadridge
Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717
(Tel: 800-831-9146 or email to: Prospectus@citi.com).
Shift4 also announced today the pricing of a concurrent offering
of $600.0 million aggregate principal amount of 0.00% convertible
senior notes due 2025 (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. The offering size was increased from the
previously announced offering size of $400.0 million aggregate
principal amount of Notes. Shift4 also granted the initial
purchasers of that offering an option to purchase up to an
additional $90.0 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/20201203005463/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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