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Shift4 Payments' Subsidiaries Price Private Offerings of 680 Million Euros, $550 Million of Notes
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Shift4 Payments' Subsidiaries Price Private Offerings of 680 Million Euros, $550 Million of Notes
May 26, 2025 4:53 AM

04:38 AM EDT, 05/09/2025 (MT Newswires) -- Shift4 Payments, Inc. ( FOUR ) said late Thursday its subsidiaries priced an offering of 680 million euros ($766.9 million) of 5.5% senior notes due 2033 and $550 million of 6.75% senior notes due 2032.

The euro notes were priced at par value and will bear an interest rate of 5.5% annually. The new 2032 notes with an issue price of 100.5% will bear an interest rate of 6.75% per annum.

The parent company intends to use the net proceeds to pay a portion of the cash consideration due for the Global Blue Group Holding AG acquisition and to redeem or repay its 4.625% senior notes due 2026.

Shift4 Payments, LLC, and Shift4 Payments Finance Sub, Inc. are the subsidiaries selling notes in the private offering.

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