Shift4 Payments Enters Material Definitive Agreement
Ticker: FOUR-PA · Form: 8-K · Filed: Aug 15, 2024 · CIK: 1794669
| Field | Detail |
|---|---|
| Company | Shift4 Payments, Inc. (FOUR-PA) |
| Form Type | 8-K |
| Filed Date | Aug 15, 2024 |
| Risk Level | medium |
| Pages | 5 |
| Reading Time | 6 min |
| Key Dollar Amounts | $0.0001, $1,100 million, $1,087.9 million, $690.0 million, $450.0 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-definitive-agreement, financial-obligation, 8-k
TL;DR
Shift4 Payments just signed a big financial deal, could affect obligations.
AI Summary
On August 15, 2024, Shift4 Payments, Inc. entered into a material definitive agreement related to a direct financial obligation. The filing indicates the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement for the registrant.
Why It Matters
This filing signals a significant financial commitment or arrangement for Shift4 Payments, which could impact its financial obligations and operational structure.
Risk Assessment
Risk Level: medium — Entering into material definitive agreements and creating financial obligations can introduce new risks related to debt, performance, or market conditions.
Key Players & Entities
- Shift4 Payments, Inc. (company) — Registrant
- August 15, 2024 (date) — Date of earliest event reported
FAQ
What is the nature of the material definitive agreement entered into by Shift4 Payments?
The filing states that Shift4 Payments, Inc. entered into a material definitive agreement, and it also pertains to the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement.
When was this material definitive agreement reported?
The report date for this event was August 15, 2024.
What is Shift4 Payments, Inc.'s principal executive office address?
Shift4 Payments, Inc.'s principal executive offices are located at 3501 Corporate Parkway, Center Valley, Pennsylvania 18034.
What is Shift4 Payments, Inc.'s telephone number?
Shift4 Payments, Inc.'s telephone number is (888) 276-2108.
What is the SIC code for Shift4 Payments, Inc.?
The Standard Industrial Classification (SIC) code for Shift4 Payments, Inc. is 7389, which falls under SERVICES-BUSINESS SERVICES, NEC.
Filing Stats: 1,518 words · 6 min read · ~5 pages · Grade level 11 · Accepted 2024-08-15 17:27:59
Key Financial Figures
- $0.0001 — which registered Class A Common Stock $0.0001 par value per share FOUR The New Yor
- $1,100 million — y"), completed the issuance and sale of $1,100 million aggregate principal amount of 6.750% Se
- $1,087.9 million — ted offering expenses, of approximately $1,087.9 million. The net proceeds of the offering will
- $690.0 million — standing borrowings under the Company's $690.0 million of outstanding 0.00% Convertible Senior
- $450.0 million — nior Notes due 2025 and/or the Issuers' $450.0 million of outstanding 4.625% Senior Notes due
Filing Documents
- d868127d8k.htm (8-K) — 33KB
- d868127dex41.htm (EX-4.1) — 875KB
- d868127dex991.htm (EX-99.1) — 9KB
- 0001193125-24-201402.txt ( ) — 1226KB
- four-20240815.xsd (EX-101.SCH) — 3KB
- four-20240815_lab.xml (EX-101.LAB) — 17KB
- four-20240815_pre.xml (EX-101.PRE) — 11KB
- d868127d8k_htm.xml (XML) — 3KB
01. Other Events
Item 8.01. Other Events . On August 15, 2024, the Company issued a press release announcing the completion of the Notes offering. The full text of the press release issued in connection with the announcement is furnished as Exhibit 99.1 to this Current Report on Form 8-K. Item9.01.
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 4.1 Indenture, dated as of August 15, 2024, among the Issuers, the subsidiary guarantors named on the signature pages thereto and U.S. Bank Trust Company, National Association, as trustee. 4.2 Form of 6.750% Senior Note due 2032 (included in Exhibit 4.1). 99.1 Press Release issued on August 15, 2024. 105 Cover Page Interactive Data File (embedded within the Inline XBRL document).
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. SHIFT4 PAYMENTS, INC. Date: August 15, 2024 By: /s/ Jordan Frankel Jordan Frankel General Counsel and Secretary