04:31 AM EDT, 08/13/2024 (MT Newswires) -- Shift4 Payments ( FOUR ) said late Monday its subsidiaries priced a $1.1 billion private offering of 6.75% senior notes due 2032.

The company said Shift4 Payments LLC and Shift4 Payments Finance Sub priced the notes at par.

The company intends to use the net proceeds for general corporate purposes.

Shift4 Payments ( FOUR ) expects to retain certain net proceeds to repay borrowings under its $690 million of outstanding 0.00% convertible senior notes due 2025. It may also retain net proceeds to repay borrowings under $450 million of outstanding 4.625% senior notes due 2026.

Price: 72.75, Change: -0.22, Percent Change: -0.30