Shift4 Payments proposes $550 million senior notes offering

CENTER VALLEY, Pa. - Shift4 Payments, Inc. (NYSE: FOUR), a payment processing technology company with a market capitalization of $7.49 billion and revenue of $3.47 billion in the last twelve months, announced a proposed private offering of $550 million in 6.750% senior notes due 2032. According to InvestingPro analysis, the company maintains a GOOD financial health score despite its current total debt of $2.88 billion. These notes will be additional to the existing $1.1 billion senior notes under the same terms, except for issue date and price. The offering aims to support the acquisition of Global Blue Group Holding AG and other corporate actions, including debt repayment. There is no guarantee that the offering or the related Term Loan B will be completed as anticipated or at all. The notes will not be registered under the Securities Act and will be offered only to qualified institutional buyers and certain persons in offshore transactions. This press release does not constitute an offer to sell the securities. For deeper insights into Shift4’s financial position and detailed analysis of its debt structure, access the comprehensive Pro Research Report available on InvestingPro, which covers over 1,400 US stocks with expert analysis and actionable intelligence.

In other recent news, Shift4 Payments reported stronger-than-expected financial results for the first quarter of 2025, with earnings per share reaching $1.07, surpassing the forecast of $0.76. Revenue stood at $368.5 million, exceeding expectations of $364.37 million. Following this positive performance, DA Davidson reaffirmed its Buy rating on Shift4 Payments, setting a price target of $124. The firm adjusted its revenue and EBITDA forecasts for 2025-2027 upward, reflecting confidence in the company’s growth trajectory. Additionally, Moody’s upgraded Shift4’s corporate family rating from B1 to Ba3, with a stable outlook, recognizing the company’s strategic expansion and improved financial metrics.

Shift4 Payments has also announced an underwritten public offering of 7,500,000 shares of Series A Mandatory Convertible Preferred Stock as part of its financing strategy to acquire Global Blue Group Holdings AG. The acquisition is expected to close by the third quarter of 2025, subject to regulatory approvals. The net proceeds from the offering, along with potential new debt financing and available cash, will fund the merger’s cash consideration and other corporate purposes. Benchmark analysts upgraded Shift4 Payments’ stock from "Hold" to "Buy," setting a new price target of $111, citing the platform’s resilience and potential for sustained growth.

These developments indicate a period of strategic growth and financial strengthening for Shift4 Payments, supported by positive analyst assessments and strategic initiatives such as the Global Blue acquisition.

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