Global Payments Issues $4.875% Senior Notes Due 2031
Ticker: GPN · Form: 8-K · Filed: 2025-05-16T00:00:00.000Z
Sentiment: neutral
Topics: debt-issuance, financing
Related Tickers: GPN
TL;DR
GPN just dropped new debt: 4.875% Senior Notes due 2031.
AI Summary
On May 15, 2025, Global Payments Inc. entered into a material definitive agreement related to the issuance of 4.875% Senior Notes due 2031. This agreement creates a direct financial obligation for the company.
Why It Matters
This filing indicates Global Payments Inc. is raising capital through debt, which could impact its financial leverage and future investment capacity.
Risk Assessment
Risk Level: medium — Issuing new debt increases financial leverage and interest expense, which can be a risk if the company's earnings decline.
Key Numbers
- 4.875% — Interest Rate (Senior Notes due 2031)
Key Players & Entities
- Global Payments Inc. (company) — Registrant
- 4.875% Senior Notes due 2031 (dollar_amount) — Debt issuance
- May 15, 2025 (date) — Date of earliest event reported
FAQ
What is the principal amount of the 4.875% Senior Notes due 2031?
The filing does not specify the principal amount of the notes.
What is the purpose of issuing these senior notes?
The filing does not explicitly state the purpose for the issuance of the senior notes.
Who are the initial purchasers or underwriters for this debt offering?
The filing does not name the specific financial institutions involved in the offering.
Are there any covenants associated with these senior notes?
The filing does not detail the specific covenants tied to the 4.875% Senior Notes due 2031.
What is the maturity date of the senior notes?
The senior notes are due in 2031.
From the Filing
0001104659-25-050050.txt : 20250516 0001104659-25-050050.hdr.sgml : 20250516 20250516163517 ACCESSION NUMBER: 0001104659-25-050050 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 16 CONFORMED PERIOD OF REPORT: 20250515 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20250516 DATE AS OF CHANGE: 20250516 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GLOBAL PAYMENTS INC CENTRAL INDEX KEY: 0001123360 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389] ORGANIZATION NAME: 07 Trade & Services EIN: 582567903 STATE OF INCORPORATION: GA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-16111 FILM NUMBER: 25959864 BUSINESS ADDRESS: STREET 1: 3550 LENOX ROAD CITY: ATLANTA STATE: GA ZIP: 30326 BUSINESS PHONE: 7708298030 MAIL ADDRESS: STREET 1: 3550 LENOX ROAD CITY: ATLANTA STATE: GA ZIP: 30326 8-K 1 tm2515175d1_8k.htm FORM 8-K false 0001123360 0001123360 2025-05-15 2025-05-15 0001123360 us-gaap:CommonStockMember 2025-05-15 2025-05-15 0001123360 gpn:Sec4.875SeniorNotesDue2031Member 2025-05-15 2025-05-15 iso4217:USD xbrli:shares iso4217:USD xbrli:shares       UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549        FORM 8-K       CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934   Date of Report (Date of earliest event reported): May 15, 2025   Commission file number 001-16111         Global Payments Inc. (Exact name of registrant as specified in charter)       Georgia 58-2567903 (State or other jurisdiction of incorporation) (I.R.S. Employer Identification No.)     3550 Lenox Road , Atlanta , Georgia 30326 (Address of principal executive offices) (Zip Code)   Registrant’s telephone number, including area code: ( 770 ) 829-8000   None (Former name, former address and former fiscal year, if changed since last report)       Securities registered pursuant to Section 12(b) of the Act:   Title of each class   Trading Symbol   Name of exchange on which registered Common stock, no par value   GPN   New York Stock Exchange 4.875% Senior Notes due 2031   GPN31A   New York Stock Exchange   Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:   ¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)     ¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)     ¨ Pre-commencement communications pursuant to Rule 14d-2b under the Exchange Act (17 CFR 240.14d-2(b))     ¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))   Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).   Emerging growth company ¨   If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨           Item 1.01. Entry into a Material Definitive Agreement.   Revolving Credit Agreement   On May 15, 2025 (the “Closing Date”), Global Payments Inc. (the “Company”), together with certain wholly owned