debt
confidence high
sentiment neutral
materiality 0.75
Global Payments announces $1.75B convertible note offering due 2031
GLOBAL PAYMENTS INC
- $1.75B aggregate principal of Convertible Senior Notes due 2031, with option for additional $250M.
- Notes mature March 1, 2031, convertible into cash and/or shares at Company's election; interest rate set at pricing.
- Up to $300M of net proceeds to repurchase common stock from purchasers; remainder to repay borrowings.
- Enters into capped call transactions to reduce potential dilution upon conversion.
- Offered only to QIBs under Rule 144A; not registered under Securities Act.