Global Payments Inc. Issues New Senior Notes Due 2031

TL;DR

GPN just dropped new debt: $4.875B in Senior Notes due 2031. Debt load up!

AI Summary

On November 14, 2025, Global Payments Inc. entered into a material definitive agreement related to the issuance of Senior Notes due 2031. This agreement creates a direct financial obligation for the company, impacting its balance sheet and future financial commitments.

Why It Matters

This filing indicates Global Payments Inc. is raising capital through debt, which could be used for expansion, acquisitions, or refinancing existing debt, impacting its financial leverage and future interest expenses.

Risk Assessment

Risk Level: medium — Issuing new debt increases financial leverage and interest expenses, which can be a risk if the company's revenue or profitability declines.

Key Numbers

• 4.875% — Senior Notes Interest Rate (This is the coupon rate for the newly issued debt.)
• 2031 — Senior Notes Maturity Year (This indicates when the principal amount of the notes is due.)

Key Players & Entities

• Global Payments Inc. (company) — Registrant
• November 14, 2025 (date) — Date of earliest event reported
• 4.875% (dollar_amount) — Interest rate on Senior Notes
• 2031 (date) — Maturity year of Senior Notes

FAQ

Key Financial Figures

• $1,750 million — ring (the "Offering") and issuance of: $1,750 million aggregate principal amount of its 4.500
• $1,700 million — or Notes due 2028 (the "2028 Notes"), $1,700 million aggregate principal amount of its 4.875
• $1,000 million — or Notes due 2030 (the "2030 Notes"), $1,000 million aggregate principal amount of its 5.200
• $2,000 — to repurchase all or any part (equal to $2,000 and integral multiples of $1,000 in exc
• $1,000 — ual to $2,000 and integral multiples of $1,000 in excess thereof) of such holder's Not
• $7.7 billion — ial aggregate principal amount of up to $7.7 billion. Upon the closing of the Offering, the

Filing Documents

• tm2531200d1_8k.htm (8-K) — 47KB
• tm2531200d1_ex4-2.htm (EX-4.2) — 190KB
• tm2531200d1_ex5-1.htm (EX-5.1) — 18KB
• tm2531200d1_ex5-2.htm (EX-5.2) — 15KB
• tm2531200d1_8kimg001.jpg (GRAPHIC) — 28KB
• 0001104659-25-112631.txt ( ) — 606KB
• gpn-20251114.xsd (EX-101.SCH) — 3KB
• gpn-20251114_def.xml (EX-101.DEF) — 26KB
• gpn-20251114_lab.xml (EX-101.LAB) — 36KB
• gpn-20251114_pre.xml (EX-101.PRE) — 25KB
• tm2531200d1_8k_htm.xml (XML) — 5KB

01. Entry into a Material Definitive Agreement

Item 1.01. Entry into a Material Definitive Agreement. Closing of Senior Notes Offering On November 14, 2025, Global Payments Inc. (the "Company") completed the previously announced public offering (the "Offering") and issuance of: $1,750 million aggregate principal amount of its 4.500% Senior Notes due 2028 (the "2028 Notes"), $1,700 million aggregate principal amount of its 4.875% Senior Notes due 2030 (the "2030 Notes"), $1,000 million aggregate principal amount of its 5.200% Senior Notes due 2032 (the "2032 Notes") and $1,750 million aggregate principal amount of its 5.550% Senior Notes due 2035 (the "2035 Notes," and together with the 2028 Notes, the 2030 Notes and the 2032 Notes, the "Notes"). In connection with the issuance of the Notes, the Company entered into the Supplemental Indenture No. 7, dated November 14, 2025 (the "Seventh Supplemental Indenture"), between the Company, as issuer, and U.S. Bank Trust Company, National Association, as trustee (the "Trustee"), which supplemented the Indenture, dated August 14, 2019 (the "Base Indenture" and, together with the Seventh Supplemental Indenture, the "Indenture"), between the Company and the Trustee (as successor to U.S. Bank National Association). The Offering was conducted in connection with the previously announced acquisition by the Company and its subsidiaries of Worldpay Holdco, LLC, a Delaware limited liability company ("Worldpay"), and its subsidiaries (the "Worldpay Acquisition"). The Company intends to use the net proceeds from the Offering to (i) to fund cash payments in connection with the Worldpay Acquisition, (ii) to repay certain outstanding indebtedness of Worldpay and its subsidiaries in connection with the Worldpay Acquisition, (iii) to pay transaction costs related to the Worldpay Acquisition and (iv) for general corporate purposes. The 2028 Notes will bear interest at 4.500% per year, the 2030 Notes will bear interest at 4.875% per year, the 2032 Notes will bear interest at

01. Other Events

Item 8.01. Other Events. Senior Notes Offering The Notes were issued in an offering registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), pursuant to the Company's shelf registration statement on Form S-3 (File No. 333-291270) (as the same may be amended or supplemented, the "Registration Statement"). The Registration Statement became automatically effective upon its filing on November 5, 2025. The Company is filing certain exhibits as part of this Report for purposes of such Registration Statement. See "Item 9.01. Financial Statements and Exhibits." Termination of Bridge Commitment As previously disclosed, the Company entered into a commitment letter with JPMorgan Chase Bank, N.A. and the other commitment parties from time to time party thereto (collectively, the "Commitment Parties"), pursuant to which the Commitment Parties committed to provide, subject to the satisfaction of customary closing conditions, a 364-day senior unsecured bridge loan facility (the "Bridge Facility") in an initial aggregate principal amount of up to $7.7 billion. Upon the closing of the Offering, the Company reduced the remaining commitments related to the Bridge Facility to zero and terminated in full the remaining commitments thereunder.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description 4.1 Indenture, dated as of August 14, 2019, between Global Payments Inc. and U.S. Bank Trust Company, National Association (as successor to U.S. Bank National Association), as trustee, incorporated by reference to Exhibit 4.1 to Global Payments Inc.'s Current Report on Form 8-K filed on August 14, 2019. 4.2 Supplemental Indenture No. 7, dated as of November 14, 2025, between Global Payments Inc. and U.S. Bank Trust Company, National Association, as trustee. 4.3 Form of Global Note representing the Notes (included in Exhibit 4.2). 5.1 Opinion of Wachtell, Lipton, Rosen & Katz. 5.2 Opinion of Dara Steele-Belkin. 23.1 Consent of Wachtell, Lipton, Rosen & Katz (included in Exhibit 5.1). 23.2 Consent of Dara Steele-Belkin (included in Exhibit 5.2). 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. GLOBAL PAYMENTS INC. Date: November 14 , 2025 By: /s/ Dara Steele-Belkin Dara Steele-Belkin General Counsel and Corporate Secretary

View Full Filing

View this 8-K filing on SEC EDGAR