Shift4 Announces Closing of Offering of $690.0 Million of Convertible Senior Notes Due 2025
07 Dezember 2020 - 10:15PM
Business Wire
Shift4 Payments, Inc. (“Shift4”) (NYSE: FOUR), a leading
independent provider of integrated payment processing and
technology solutions, today announced the completion of the
previously announced offering of $690.0 million aggregate principal
amount of 0.00% convertible senior notes due 2025 (the “Notes”),
which amount includes the exercise in full by the initial
purchasers of their option to purchase an additional $90.0 million
Notes. The Notes will be senior, unsecured obligations of Shift4
and will not bear regular interest, and the principal amount of the
Notes will not accrete. The Notes will mature on December 15, 2025,
unless earlier repurchased, redeemed or converted.
The net proceeds of the offering will be used for general
corporate purposes.
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”), to persons reasonably believed
to be qualified institutional buyers pursuant to Rule 144A under
the Securities Act.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, the Notes or any shares of Class A
common stock issuable upon conversion of the Notes, nor shall there
be any sale of the Notes or any such shares, 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 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/20201207005859/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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