Global Payments Prices 4.875% Senior Notes Due 2031

TL;DR

**Global Payments just priced new 4.875% senior notes due 2031, signaling a debt raise.**

AI Summary

Global Payments Inc. filed an 8-K on February 20, 2024, to report the pricing of a public offering of 4.875% Senior Notes due 2031. This offering is part of the company's ongoing financial activities, specifically under its 1934 Act SEC filing, with the earliest event reported on the same date. The company, based in Atlanta, Georgia, with IRS number 58-2567903, is utilizing this debt issuance for general corporate purposes.

Why It Matters

This filing indicates Global Payments is raising capital through debt, which can impact its financial leverage and future investment capacity. It provides insight into the company's financing strategy.

Risk Assessment

Risk Level: low — The filing is a routine disclosure of a debt offering, which is a common corporate finance activity and does not inherently indicate high risk.

Key Numbers

• 4.875% — Interest Rate (Rate for Senior Notes due 2031)
• 2031 — Maturity Year (Maturity date for Senior Notes)

Key Players & Entities

• Global Payments Inc. (company) — Registrant
• February 20, 2024 (date) — Date of earliest event reported
• 4.875% (dollar_amount) — Interest rate of Senior Notes
• 2031 (date) — Maturity year of Senior Notes
• Georgia (company) — State of incorporation
• 58-2567903 (dollar_amount) — I.R.S. Employer Identification No.
• Atlanta (company) — City of principal executive offices
• 770-829-8000 (dollar_amount) — Registrant's telephone number

FAQ

Key Financial Figures

• $1.75 billion — s") in an aggregate principal amount of $1.75 billion (the "Convertible Senior Notes Offering
• $250 million — an aggregate principal amount of up to $250 million within a 13-day period beginning on, an

Filing Documents

• tm246044d1_8k.htm (8-K) — 32KB
• tm246044d1_ex99-1.htm (EX-99.1) — 18KB
• tm246044d1_8kimg001.jpg (GRAPHIC) — 5KB
• tm246044d1_ex99-1img01.jpg (GRAPHIC) — 3KB
• tm246044d1_ex99-1img02.jpg (GRAPHIC) — 2KB
• 0001104659-24-025199.txt ( ) — 293KB
• gpn-20240220.xsd (EX-101.SCH) — 3KB
• gpn-20240220_def.xml (EX-101.DEF) — 26KB
• gpn-20240220_lab.xml (EX-101.LAB) — 36KB
• gpn-20240220_pre.xml (EX-101.PRE) — 25KB
• tm246044d1_8k_htm.xml (XML) — 5KB

01. Other Events

Item 8.01. Other Events. On February 20, 2024, Global Payments Inc. (the "Company") issued a press release announcing its intention to offer Convertible Senior Notes due 2031 (the "Notes") in an aggregate principal amount of $1.75 billion (the "Convertible Senior Notes Offering") in an offering that is exempt from the registration requirements under the Securities Act of 1933, as amended (the "Securities Act"). The Notes will be offered and sold only to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act. The Company also expects to grant the initial purchasers of the Notes the option to purchase additional Notes in an aggregate principal amount of up to $250 million within a 13-day period beginning on, and including, the date the Company first issues the Notes. A copy of the press release is filed as Exhibit 99.1 hereto and is incorporated by reference into this Item 8.01. This Current Report on Form 8-K does not constitute an offer to purchase securities or a solicitation of an offer to sell any securities or an offer to sell or the solicitation of an offer to purchase any securities nor does it constitute an offer or solicitation in any jurisdiction in which such offer or solicitation is unlawful.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description of Exhibit 99.1 Press Release dated February 20, 2024. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). Forward-Looking Statements Some of the statements used in this Current Report on Form 8-K are not statements of historical or current fact. As such, they are "forward-looking statements" within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended, including statements concerning the timing and completion of the Convertible Senior Notes Offering, the capped call transactions and the anticipated use of proceeds from the Convertible Senior Notes Offering. The Company has based these forward-looking statements on its current plans and expectations, and these statements are subject to known and unknown risks, uncertainties and assumptions. Actual events or results might differ materially from those expressed or forecasted in these forward-looking statements. Accordingly, the Company cannot guarantee that its plans and expectations will be achieved. Although it is not possible to create a comprehensive list of all factors and risks that may cause actual results to differ from the results expressed or implied by these forward-looking statements or that may affect the Company's future results, the following factors, among others, could cause actual results and the timing of events to differ materially from the anticipated results or other expectations expressed in the forward-looking statements: the final terms of the proposed Convertible Senior Notes Offering and the capped call transactions; the satisfaction of customary closing conditions related to the Convertible Senior Notes Offering; and uncertainties and other factors relating to the intended use of proceeds from Convertible Senior Notes Offering. Although the Company believes that the plans and expectations reflected

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: February 20, 2024 By: /s/ David L. Green David L. Green Senior Executive Vice President and Chief Administrative & Legal Officer