Shift4 Payments Enters Material Agreement, Incurs Financial Obligation
Ticker: FOUR-PA · Form: 8-K · Filed: Sep 10, 2024 · CIK: 1794669
| Field | Detail |
|---|---|
| Company | Shift4 Payments, Inc. (FOUR-PA) |
| Form Type | 8-K |
| Filed Date | Sep 10, 2024 |
| Risk Level | medium |
| Pages | 5 |
| Reading Time | 5 min |
| Key Dollar Amounts | $0.0001, $450.0 million, $112.5 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: debt, financing, agreement
Related Tickers: FOUR
TL;DR
Shift4 just signed a big deal and took on debt.
AI Summary
On September 5, 2024, Shift4 Payments, Inc. entered into a material definitive agreement, likely related to financing or a significant business transaction. This action also created a direct financial obligation for the company. The filing indicates other events and includes financial statements and exhibits.
Why It Matters
This filing signals a significant financial event for Shift4 Payments, potentially impacting its debt structure, operational capacity, or strategic direction.
Risk Assessment
Risk Level: medium — Entering into material definitive agreements and incurring financial obligations can introduce new risks related to debt servicing, market conditions, or the success of the underlying transaction.
Key Players & Entities
- Shift4 Payments, Inc. (company) — Registrant
- September 5, 2024 (date) — Date of earliest event reported
FAQ
What is the nature of the material definitive agreement entered into by Shift4 Payments?
The filing does not specify the exact nature of the material definitive agreement, only that one was entered into on September 5, 2024.
What type of direct financial obligation did Shift4 Payments create?
The filing states that a direct financial obligation was created, but does not provide specific details about its nature or amount.
What is the primary business of Shift4 Payments, Inc.?
Shift4 Payments, Inc. is in the business services sector, specifically classified under 'SERVICES-BUSINESS SERVICES, NEC [7389]'.
When was this 8-K filing submitted?
This 8-K filing was submitted on September 10, 2024.
What is Shift4 Payments' fiscal year end?
Shift4 Payments' fiscal year ends on December 31.
Filing Stats: 1,373 words · 5 min read · ~5 pages · Grade level 13.2 · Accepted 2024-09-10 16:49:02
Key Financial Figures
- $0.0001 — which registered Class A Common Stock $0.0001 par value per share FOUR The New Yor
- $450.0 million — . The Credit Agreement provides for a $450.0 million senior secured revolving credit facilit
- $112.5 million — lity (the "Revolving Credit Facility"), $112.5 million of which is available for the issuance
Filing Documents
- d347577d8k.htm (8-K) — 33KB
- d347577dex101.htm (EX-10.1) — 1096KB
- d347577dex991.htm (EX-99.1) — 9KB
- 0001193125-24-216669.txt ( ) — 1528KB
- four-20240905.xsd (EX-101.SCH) — 3KB
- four-20240905_lab.xml (EX-101.LAB) — 17KB
- four-20240905_pre.xml (EX-101.PRE) — 11KB
- d347577d8k_htm.xml (XML) — 3KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 10.1 Second Amended and Restated First Lien Credit Agreement, dated as of September 5, 2024, by and among Shift4 Payments, LLC, as the borrower, the lenders and issuing banks party thereto and Goldman Sachs Bank USA, as administrative agent and collateral agent. 99.1 Press Release issued on September 10, 2024. 104 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: September 10, 2024 By: /s/ Jordan Frankel Jordan Frankel General Counsel and Secretary