---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-025742"
form_type: "8-K"
ticker: "GPN"
cik: "0001123360"
company_name: "GLOBAL PAYMENTS INC"
filed_at: "2024-02-21T23:59:59+00:00"
generated_at: "2026-06-05T21:41:40.900625+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Global Payments prices $1.75B convertible notes at 1.5% due 2031, enters capped call transactions

## Summary
- $1.75B aggregate principal of 1.50% convertible senior notes due 2031; initial purchasers have option for additional $250M.
- Conversion rate 6.3710 shares per $1,000 principal (initial conversion price ~$156.96, 20% premium over $130.80 close).
- Company uses $222.25M of proceeds for capped call transactions to reduce dilution, cap at $228.90/share.
- Company will repurchase $185.1M of its common stock from note purchasers at $130.80/share.
- Net proceeds ~$1.72B; remainder to repay commercial paper and revolving credit borrowings.

## SEC filing metadata
- accession: 0001104659-24-025742
- form_type: 8-K
- ticker: GPN
- cik: 0001123360
- company_name: GLOBAL PAYMENTS INC
- filed_at: 2024-02-21T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1123360/000110465924025742/0001104659-24-025742-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1123360/000110465924025742/tm246044d2_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-025742
- JSON: https://secwatch.observer/filing/0001104659-24-025742.json
- Plain text: https://secwatch.observer/filing/0001104659-24-025742.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.