Reported Late Monday August 12, 2024, Shift4 Prices Offering Of $1.1B Aggregate Principal Amount Of 6.750% Senior Notes Due 2032

Author: Benzinga Newsdesk | August 13, 2024 10:52am

Shift4 Payments, Inc. (NYSE:FOUR), a leader in integrated payments and commerce technology, today announced that its subsidiaries, Shift4 Payments, LLC ("Shift4") and Shift4 Payments Finance Sub, Inc., have priced an offering of $1,100.0 million aggregate principal amount of 6.750% senior notes due 2032 (the "Notes"). The Notes were priced at par value and will bear an interest rate of 6.750% per annum. The Notes are being offered in a private offering that is exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act"). The Notes will be guaranteed, jointly and severally, on a senior unsecured basis, by certain of Shift4's subsidiaries. Shift4 expects to close the offering of the Notes on August 15, 2024, subject to the satisfaction of customary closing conditions.

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